US Dollar Index Price Analysis: Further downside could see 99.10 re-tested

DXY gathers further downside traction below the 100.00 mark.
Further south aligns recent lows in the 99.15/10 band.

Pablo Piovano FXStreet

DXY is down for the second session in a row, coming under further selling pressure amidst a strong recovery of the riskier assets. The leg lower has intensified after the breakdown of the 100.00 mark on Monday.

If the selling bias accelerates, the the area of recent lows in the 99/15/10 band should come into focus in the short-term.

A deeper pullback could also contemplate the test of May’s low at 98.57 ahead of the key 200-day SMA, today at 98.45.

DXY daily chart

Dollar Index Spot

Overview
Today last price	99.37
Today Daily Change	39
Today Daily Change %	-0.25
Today daily open	99.62

Trends
Daily SMA20	99.93
Daily SMA50	99.8
Daily SMA100	98.84
Daily SMA200	98.47

Levels
Previous Daily High	100.47
Previous Daily Low	99.58
Previous Weekly High	100.56
Previous Weekly Low	99.56
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	99.92
Daily Fibonacci 61.8%	100.13
Daily Pivot Point S1	99.31
Daily Pivot Point S2	99
Daily Pivot Point S3	98.42
Daily Pivot Point R1	100.2
Daily Pivot Point R2	100.78
Daily Pivot Point R3	101.09

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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