US Dollar Index Price Analysis: Interim hurdle is located at 91.63

DXY extends the bounce off lows in sub-91.00 levels.
There is a minor hurdle at the 50-day SMA (91.63).

Pablo Piovano FXStreet

DXY adds to the recovery from multi-week lows in the 90.90/85 band, retaking the 91.00 barrier and beyond on Wednesday.

Extra recovery is forecast to meet immediate hurdle at the minor resistance in the 50-day SMA, today at 91.63 ahead of the more relevant 200-day SMA at 92.13.

Above the latter, the index is expected to reclaim a more constructive outlook and allow for extra gains to, initially, the Fibo level (of the 2020-2021 drop) at 92.46.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.36
Today Daily Change	26
Today Daily Change %	0.18
Today daily open	91.2

Trends
Daily SMA20	92.31
Daily SMA50	91.6
Daily SMA100	91.02
Daily SMA200	92.16

Levels
Previous Daily High	91.28
Previous Daily Low	90.86
Previous Weekly High	92.34
Previous Weekly Low	91.49
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	91.12
Daily Fibonacci 61.8%	91.02
Daily Pivot Point S1	90.95
Daily Pivot Point S2	90.69
Daily Pivot Point S3	90.53
Daily Pivot Point R1	91.37
Daily Pivot Point R2	91.53
Daily Pivot Point R3	91.79

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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