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.

Pablo Piovano FXStreet

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 price	90.19
Today Daily Change	36
Today Daily Change %	0.29
Today daily open	89.93

Trends
Daily SMA20	90.2
Daily SMA50	91.2
Daily SMA100	91.07
Daily SMA200	91.66

Levels
Previous Daily High	89.94
Previous Daily Low	89.66
Previous Weekly High	90.44
Previous Weekly Low	89.54
Previous Monthly High	91.44
Previous Monthly Low	89.54
Daily Fibonacci 38.2%	89.83
Daily Fibonacci 61.8%	89.77
Daily Pivot Point S1	89.75
Daily Pivot Point S2	89.57
Daily Pivot Point S3	89.47
Daily Pivot Point R1	90.03
Daily Pivot Point R2	90.12
Daily Pivot Point R3	90.3

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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