US Dollar Index Price Analysis: Further south comes in the 200-day SMA

DXY extends the corrective downside to 92.85/80 band.
Immediate contention is located at the 200-day SMA at 92.45.

Pablo Piovano FXStreet

The dollar extends the rejection from recent yearly highs near 93.50 and re-visits the 92.80 zone on Friday.

If the selling impulse gains further traction, then DXY could re-visit the key 200-day SMA in the mid-92.00s.

A convincing return to the area below the 200-day SMA should negate the ongoing near-term constructive stance.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.92
Today Daily Change	10
Today Daily Change %	0.03
Today daily open	92.89

Trends
Daily SMA20	92.23
Daily SMA50	91.28
Daily SMA100	91.05
Daily SMA200	92.48

Levels
Previous Daily High	93.33
Previous Daily Low	92.87
Previous Weekly High	92.92
Previous Weekly Low	91.71
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	93.05
Daily Fibonacci 61.8%	93.16
Daily Pivot Point S1	92.73
Daily Pivot Point S2	92.57
Daily Pivot Point S3	92.27
Daily Pivot Point R1	93.19
Daily Pivot Point R2	93.49
Daily Pivot Point R3	93.65

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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