US Dollar Index Price Analysis: Immediate target lines up at 92.75

DXY keeps the narrow range in the mid-92.00s on Wednesday.
Further recovery now targets the 92.70/75 band, July highs.

Pablo Piovano FXStreet

DXY exchanges gains with losses in the 92.50 area amidst alternating risk appetite trends ahead of the FOMC Minutes on Wednesday.

If the dollar manages to gather further upside impulse, then the index is expected to meet an interim barrier at the Fibo level at 92.46 ahead of the multi-month peaks in the 92.70/75 zone (July 2).

In the meantime, and looking at the broader scenario, the outlook for the dollar is seen constructive while above the 200-day SMA, today at 91.41.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.54
Today Daily Change	14
Today Daily Change %	0.00
Today daily open	92.54

Trends
Daily SMA20	91.62
Daily SMA50	90.84
Daily SMA100	91.25
Daily SMA200	91.42

Levels
Previous Daily High	92.66
Previous Daily Low	92
Previous Weekly High	92.74
Previous Weekly Low	91.7
Previous Monthly High	92.45
Previous Monthly Low	89.66
Daily Fibonacci 38.2%	92.41
Daily Fibonacci 61.8%	92.25
Daily Pivot Point S1	92.14
Daily Pivot Point S2	91.75
Daily Pivot Point S3	91.49
Daily Pivot Point R1	92.8
Daily Pivot Point R2	93.06
Daily Pivot Point R3	93.45

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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