US Dollar Index Price Analysis: Looks corrective downside near term


  • DXY eases further ground after recent monthly peaks.
  • Initial support comes at the 93.00 mark.

DXY gives away further gains after climbing to new monthly highs near 93.50 at the beginning of the week.

The continuation of the downtrend is seen facing initial support at the 93.00 round level ahead of a potential move to the 55-day SMA, today at 92.66.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while bove the 200-day SMA, today at 91.43.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.13
Today Daily Change 15
Today Daily Change % -0.13
Today daily open 93.25
 
Trends
Daily SMA20 92.67
Daily SMA50 92.69
Daily SMA100 91.82
Daily SMA200 91.42
 
Levels
Previous Daily High 93.45
Previous Daily Low 93.19
Previous Weekly High 93.25
Previous Weekly Low 92.32
Previous Monthly High 93.73
Previous Monthly Low 91.82
Daily Fibonacci 38.2% 93.35
Daily Fibonacci 61.8% 93.29
Daily Pivot Point S1 93.14
Daily Pivot Point S2 93.03
Daily Pivot Point S3 92.87
Daily Pivot Point R1 93.41
Daily Pivot Point R2 93.56
Daily Pivot Point R3 93.67

 

 

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