US Dollar Index Price Analysis: Next downside target is at the 91.30 area

DXY’s downside picks up pace below the 92.00 yardstick.
There is an interim support at the 50-day SMA at 91.57.

Pablo Piovano FXStreet

The leg lower in DXY gathers extra steam after breaking below the 92.00 mark on quite a convincing fashion, exposing at the same a deeper pullback.

That said, the 50-day SMA near 91.60 should offer interim contention ahead of the more relevant support area around 91.30, where sit weekly lows recorded in mid-March.

Below the 200-day SMA (92.26) the outlook for DXY is expected to return to the bearish side.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.7
Today Daily Change	16
Today Daily Change %	-0.15
Today daily open	91.84

Trends
Daily SMA20	92.42
Daily SMA50	91.56
Daily SMA100	91.04
Daily SMA200	92.29

Levels
Previous Daily High	92.34
Previous Daily Low	91.8
Previous Weekly High	93.11
Previous Weekly Low	92
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	92
Daily Fibonacci 61.8%	92.13
Daily Pivot Point S1	91.64
Daily Pivot Point S2	91.45
Daily Pivot Point S3	91.1
Daily Pivot Point R1	92.19
Daily Pivot Point R2	92.53
Daily Pivot Point R3	92.73

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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