US Dollar Index Price Analysis: Next key target is at the 200-day SMA


  • DXY resumes the upside above the 91.00 yardstick.
  • There is an interim hurdle at the 50-day SMA near 91.70.

DXY fades Monday’s downtick and regains the upper hand amidst better sentiment around the buck.

Further recovery looks likely in the near-term. That said, if the interim resistance at the 50-day SMA near 91.70 is cleared, it should open the door to another visit to the critical 200-day SMA, today at 91.95.

Above the latter the downside pressure is expected to mitigate somewhat, and the outlook could start shifting to a more constructive one.

DXY daily chart

Dollar Index Spot

Overview
Today last price 91.32
Today Daily Change 41
Today Daily Change % 0.38
Today daily open 90.97
 
Trends
Daily SMA20 91.43
Daily SMA50 91.69
Daily SMA100 91.03
Daily SMA200 91.97
 
Levels
Previous Daily High 91.39
Previous Daily Low 90.87
Previous Weekly High 91.32
Previous Weekly Low 90.42
Previous Monthly High 93.33
Previous Monthly Low 90.42
Daily Fibonacci 38.2% 91.07
Daily Fibonacci 61.8% 91.19
Daily Pivot Point S1 90.76
Daily Pivot Point S2 90.55
Daily Pivot Point S3 90.24
Daily Pivot Point R1 91.28
Daily Pivot Point R2 91.6
Daily Pivot Point R3 91.81

 

 

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