- 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
|Today last price||91.71|
|Today Daily Change||22|
|Today Daily Change %||-0.01|
|Today daily open||91.72|
|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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