US Dollar Index Price Analysis: Further decline stays in the pipeline

DXY remains under pressure and now targets the 92.00 area.
A break below this level should pave the way for a move to 2020 low.

Pablo Piovano FXStreet

The downside momentum in DXY accelerates on Tuesday and challenges the key 6-month support line in the 92.45/40 band.

Further south emerges the monthly lows in the 92.15/10 zone (November 9) ahead of the 2020 low at 91.74 (September 1).

Further out, as long as DXY trades below the 200-day SMA, today at 96.31, the negative view is forecast to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.33
Today Daily Change	31
Today Daily Change %	-0.25
Today daily open	92.56

Trends
Daily SMA20	93.08
Daily SMA50	93.38
Daily SMA100	93.82
Daily SMA200	96.35

Levels
Previous Daily High	92.84
Previous Daily Low	92.47
Previous Weekly High	93.21
Previous Weekly Low	92.13
Previous Monthly High	94.1
Previous Monthly Low	92.47
Daily Fibonacci 38.2%	92.61
Daily Fibonacci 61.8%	92.7
Daily Pivot Point S1	92.41
Daily Pivot Point S2	92.25
Daily Pivot Point S3	92.03
Daily Pivot Point R1	92.78
Daily Pivot Point R2	93
Daily Pivot Point R3	93.16

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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