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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 price90.91
Today Daily Change23
Today Daily Change %0.09
Today daily open90.83
 
Trends
Daily SMA2091.95
Daily SMA5091.65
Daily SMA10091.03
Daily SMA20092.06
 
Levels
Previous Daily High90.99
Previous Daily Low90.68
Previous Weekly High91.75
Previous Weekly Low90.81
Previous Monthly High93.44
Previous Monthly Low90.63
Daily Fibonacci 38.2%90.8
Daily Fibonacci 61.8%90.87
Daily Pivot Point S190.68
Daily Pivot Point S290.53
Daily Pivot Point S390.38
Daily Pivot Point R190.99
Daily Pivot Point R291.14
Daily Pivot Point R391.29

Author

Pablo Piovano

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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