US Dollar Index Price Analysis: Further losses not ruled out


  • DXY stays offered around the 91.00 zone on Tuesday.
  • Another visit to monthly lows near 90.70 is on the table.

DXY trades in an inconclusive fashion so far this week, always around the 91.00 level, where also converge the 100-day SMA.

Further downside remains a palpable chance for the time being along with a potential visit to the so far monthly lows in the 90.70/65 band (Monday).

If the selling impulse picks up extra pace, then deeper pullback could even see the psychological 90.00 yardstick retested in the short-term horizon ahead of the February lows in the 89.70/65 band.

Below the 200-day SMA (92.04) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

Dollar Index Spot

Overview
Today last price 90.91
Today Daily Change 23
Today Daily Change % 0.09
Today daily open 90.83
 
Trends
Daily SMA20 91.95
Daily SMA50 91.65
Daily SMA100 91.03
Daily SMA200 92.06
 
Levels
Previous Daily High 90.99
Previous Daily Low 90.68
Previous Weekly High 91.75
Previous Weekly Low 90.81
Previous Monthly High 93.44
Previous Monthly Low 90.63
Daily Fibonacci 38.2% 90.8
Daily Fibonacci 61.8% 90.87
Daily Pivot Point S1 90.68
Daily Pivot Point S2 90.53
Daily Pivot Point S3 90.38
Daily Pivot Point R1 90.99
Daily Pivot Point R2 91.14
Daily Pivot Point R3 91.29

 

 

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