US Dollar Index Price Analysis: Further losses could see 90.40 retested

DXY partially reverses Friday’s strong advance to levels past 91.00.
Another visit to monthly lows near 90.40 remains on the table.

Pablo Piovano FXStreet

DXY meets strong hurdle around 91.40 and sparks a corrective downside to the vicinity of the 91.00 support on Monday.

Further downside should not be ruled out. That said, a breach of the 91.00 level carries the potential to trigger a deeper move to, initially, the so far monthly lows near 90.40 (April 29). The contention region around 91.00 is also reinforced by the 100-day SMA, today at 91.03.

Below the 200-day SMA (91.96) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.15
Today Daily Change	31
Today Daily Change %	-0.15
Today daily open	91.29

Trends
Daily SMA20	91.51
Daily SMA50	91.67
Daily SMA100	91.02
Daily SMA200	91.98

Levels
Previous Daily High	91.32
Previous Daily Low	90.59
Previous Weekly High	91.32
Previous Weekly Low	90.42
Previous Monthly High	93.33
Previous Monthly Low	90.42
Daily Fibonacci 38.2%	91.04
Daily Fibonacci 61.8%	90.87
Daily Pivot Point S1	90.81
Daily Pivot Point S2	90.34
Daily Pivot Point S3	90.09
Daily Pivot Point R1	91.54
Daily Pivot Point R2	91.8
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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