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.

Pablo Piovano FXStreet

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

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.