US Dollar Index Price Analysis: Initial resistance comes in near 93.40


  • DXY regains the smile and shifts its focus to the 93.00 barrier.
  • The 55-day SMA near 93.30 offers interim resistance near-term.

DXY resumes the upside following Friday’s pullback, although the 93.00 barrier appears a tough nut to crack for USD-bulls so far.

If the ongoing bullish attempt gathers further steam, then the next interim hurdle emerges at the 55-day SMA near 93.30 ahead of the 6-month resistance line around 93.40. Further up is located last week’s highs near 93.80.

While below the 200-day SMA, today at 96.70, the negative view on the dollar is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 92.99
Today Daily Change 33
Today Daily Change % 0.27
Today daily open 92.74
 
Trends
Daily SMA20 93.47
Daily SMA50 93.26
Daily SMA100 94.44
Daily SMA200 96.74
 
Levels
Previous Daily High 93.13
Previous Daily Low 92.66
Previous Weekly High 93.77
Previous Weekly Low 92.47
Previous Monthly High 94.74
Previous Monthly Low 91.74
Daily Fibonacci 38.2% 92.84
Daily Fibonacci 61.8% 92.95
Daily Pivot Point S1 92.56
Daily Pivot Point S2 92.38
Daily Pivot Point S3 92.09
Daily Pivot Point R1 93.02
Daily Pivot Point R2 93.31
Daily Pivot Point R3 93.49

 

 

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