US Dollar Index Price Analysis: Further pullbacks could visit the 200-day SMA


  • DXY stays under pressure below the 92.00 yardstick.
  • There is scope for a deeper move to the 91.50 area.

DXY remains unable to gather serious upside traction so far on Wednesday and remains on the defensive in the sub-92.00 zone.

The better tone in the risk-associated universe as investors digested the FOMC event coupled with muted activity in US yields sponsored a leg lower in the dollar.

If the selling impulse picks up further pace, then another visit to the critical 200-day SMA, today at 91.51, should not be ruled out.

In the meantime, and looking at the broader scenario, a sustainable breakout of the 200-day SMA, today at 91.50, should shift the outlook for the buck to positive.

DXY daily chart

Dollar Index Spot

Overview
Today last price 91.71
Today Daily Change 22
Today Daily Change % -0.01
Today daily open 91.72
 
Trends
Daily SMA20 90.57
Daily SMA50 90.65
Daily SMA100 91.11
Daily SMA200 91.5
 
Levels
Previous Daily High 92.14
Previous Daily Low 91.65
Previous Weekly High 92.4
Previous Weekly Low 90.35
Previous Monthly High 91.44
Previous Monthly Low 89.54
Daily Fibonacci 38.2% 91.83
Daily Fibonacci 61.8% 91.95
Daily Pivot Point S1 91.53
Daily Pivot Point S2 91.35
Daily Pivot Point S3 91.04
Daily Pivot Point R1 92.02
Daily Pivot Point R2 92.32
Daily Pivot Point R3 92.51

 

 

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