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 slumps below 1.1800 on hawkish Fed Minutes, eyes on ECB succession

The EUR/USD pair tumbles to a near two-week low around 1.1785 during the early Asian session on Thursday. The US Dollar strengthens against the Euro on hawkish FOMC minutes that revived speculation about potential interest rate hikes if inflation remains elevated.

GBP/USD struggles near four-week low vs. USD, below 1.3500 amid BoE rate cut bets

The GBP/USD pair is seen consolidating its weekly losses registered over the past three days and oscillating in a narrow range near a four-week trough, touched during the Asians session on Thursday. Spot prices currently trade just below the 1.3500 psychological mark and seem vulnerable to slide further.

Gold yearns for acceptance above the $5,000 mark

Gold preserves 2% advance seen on Wednesday as buyers gather pace early Thursday. The US Dollar holds January Fed Minutes-led gains ahead of more US macro data. Gold needs a sustained break above the key $5,000 barrier; daily RSI stays bullish.

Top Crypto Gainers: World Liberty Financial, Sky, and Cosmos confront major resistance

World Liberty Financial, Sky, and Cosmos rank among the top gainers over the last 24 hours but face critical overhead resistance levels. WLFI gained momentum at the World Liberty Forum, an invite-only conference held at Mar-a-Lago by US President Donald Trump’s family, while SKY and ATOM reversed off a crucial support level.

Mixed UK inflation data no gamechanger for the Bank of England

Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.