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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.

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 price92.92
Today Daily Change10
Today Daily Change %0.03
Today daily open92.89
 
Trends
Daily SMA2092.23
Daily SMA5091.28
Daily SMA10091.05
Daily SMA20092.48
 
Levels
Previous Daily High93.33
Previous Daily Low92.87
Previous Weekly High92.92
Previous Weekly Low91.71
Previous Monthly High93.44
Previous Monthly Low90.63
Daily Fibonacci 38.2%93.05
Daily Fibonacci 61.8%93.16
Daily Pivot Point S192.73
Daily Pivot Point S292.57
Daily Pivot Point S392.27
Daily Pivot Point R193.19
Daily Pivot Point R293.49
Daily Pivot Point R393.65

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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