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US Dollar Index Price Analysis: Looks cautious around 92.40

  • DXY remains under pressure in he 92.50/40 band.
  • A drop below the 92.40/35 band exposes a deeper pullback.

Rising cautiousness and thin trading conditions prompts DXY to remain under pressure in the area of multi-week lows near 92.40.

A move further south of the 92.40/35 band in the short-term horizon should open the door to extra retracements to, initially, the interim support at 92.00 ahead of the 91.80/75 band, where sits the July/August lows.

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.33.

DXY daily chart

Dollar Index Spot

Overview
Today last price92.44
Today Daily Change14
Today Daily Change %-0.08
Today daily open92.51
 
Trends
Daily SMA2092.89
Daily SMA5092.59
Daily SMA10091.62
Daily SMA20091.33
 
Levels
Previous Daily High92.79
Previous Daily Low92.38
Previous Weekly High93.49
Previous Weekly Low92.63
Previous Monthly High93.73
Previous Monthly Low91.82
Daily Fibonacci 38.2%92.54
Daily Fibonacci 61.8%92.63
Daily Pivot Point S192.33
Daily Pivot Point S292.15
Daily Pivot Point S391.91
Daily Pivot Point R192.74
Daily Pivot Point R292.97
Daily Pivot Point R393.15

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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