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.

Pablo Piovano FXStreet

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 price	92.44
Today Daily Change	14
Today Daily Change %	-0.08
Today daily open	92.51

Trends
Daily SMA20	92.89
Daily SMA50	92.59
Daily SMA100	91.62
Daily SMA200	91.33

Levels
Previous Daily High	92.79
Previous Daily Low	92.38
Previous Weekly High	93.49
Previous Weekly Low	92.63
Previous Monthly High	93.73
Previous Monthly Low	91.82
Daily Fibonacci 38.2%	92.54
Daily Fibonacci 61.8%	92.63
Daily Pivot Point S1	92.33
Daily Pivot Point S2	92.15
Daily Pivot Point S3	91.91
Daily Pivot Point R1	92.74
Daily Pivot Point R2	92.97
Daily Pivot Point R3	93.15

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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