|

US Dollar Index Price Analysis: Interim hurdle lines up near 90.50

  • DXY keeps the recovery well and sound above 90.00.
  • Recent tops near 90.50 emerge as an interim hurdle.

DXY manages to extend the recent breakout of the key 90.00 barrier on Wednesday.

The continuation of the recovery is expected to meet an interim barrier at last week’s peaks in the 90.40/45 band (May 28) ahead of the 91.00 neighbourhood, where the upside in the index is forecast to struggle.

In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.64 the outlook for the buck is forecast to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price90.19
Today Daily Change36
Today Daily Change %0.29
Today daily open89.93
 
Trends
Daily SMA2090.2
Daily SMA5091.2
Daily SMA10091.07
Daily SMA20091.66
 
Levels
Previous Daily High89.94
Previous Daily Low89.66
Previous Weekly High90.44
Previous Weekly Low89.54
Previous Monthly High91.44
Previous Monthly Low89.54
Daily Fibonacci 38.2%89.83
Daily Fibonacci 61.8%89.77
Daily Pivot Point S189.75
Daily Pivot Point S289.57
Daily Pivot Point S389.47
Daily Pivot Point R190.03
Daily Pivot Point R290.12
Daily Pivot Point R390.3

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as  Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.
 

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.