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US Dollar Index Price Analysis: Interim resistance emerges at 93.30/50

  • DXY bounces off fresh lows in the 92.50/45 band on Thursday.
  • Next on the upside aligns the 93.30/50 band.

DXY regains some composure after bottoming out in the 92.50/45 band (Wednesday), or fresh multi-week lows.

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 93.50. Further up is located last week’s highs near 93.80.

While below the 200-day SMA, today at 96.75, the negative view on the dollar is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price92.89
Today Daily Change29
Today Daily Change %0.26
Today daily open92.65
 
Trends
Daily SMA2093.63
Daily SMA5093.28
Daily SMA10094.52
Daily SMA20096.79
 
Levels
Previous Daily High93.1
Previous Daily Low92.47
Previous Weekly High93.91
Previous Weekly Low93.01
Previous Monthly High94.74
Previous Monthly Low91.74
Daily Fibonacci 38.2%92.71
Daily Fibonacci 61.8%92.86
Daily Pivot Point S192.38
Daily Pivot Point S292.11
Daily Pivot Point S391.76
Daily Pivot Point R193.01
Daily Pivot Point R293.37
Daily Pivot Point R393.64

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.

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