US Dollar Index Price Analysis: Further decline could see 90.00 retested

DXY accelerates the downtrend to the area below 91.00.
A deeper pullback should not rule out a move to 90.00.

Pablo Piovano FXStreet

DXY lost further ground and slipped back to the 90.85/80 band on Tuesday, where some contention appears to have turned up so far.

The continuation of the selling pressure could expose a more serious break below 91.00 to the psychological 90.00 yardstick, although there are no relevant support levels until the February lows in the 89.70/65 band.

Below the 200-day SMA (92.16) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.13
Today Daily Change	37
Today Daily Change %	0.03
Today daily open	91.1

Trends
Daily SMA20	92.37
Daily SMA50	91.59
Daily SMA100	91.02
Daily SMA200	92.18

Levels
Previous Daily High	91.75
Previous Daily Low	91.03
Previous Weekly High	92.34
Previous Weekly Low	91.49
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	91.31
Daily Fibonacci 61.8%	91.47
Daily Pivot Point S1	90.84
Daily Pivot Point S2	90.58
Daily Pivot Point S3	90.12
Daily Pivot Point R1	91.55
Daily Pivot Point R2	92.01
Daily Pivot Point R3	92.27

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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