US Dollar Index Price Analysis: Potential short-term top near 93.70

  • DXY adds to Thursday’s losses below the key 93.00 support.
  • Immediately to the downside aligns the weekly low at 92.70.

The index has come under further downside pressure after being rejected once again from the 93.60/70 band on Thursday.

Further decline thus remains likely with the next target at the weekly lows at 92.70. A move further south of this level should put the 2020 low near 91.70 back on the investors’ radar.

The negative outlook in DXY is seen unchanged while below the 200-day SMA, today at 97.18.

DXY daily chart

Dollar Index Spot

Today last price 92.88
Today Daily Change 19
Today Daily Change % -0.03
Today daily open 92.91
Daily SMA20 92.95
Daily SMA50 93.66
Daily SMA100 95.89
Daily SMA200 97.21
Previous Daily High 93.61
Previous Daily Low 92.87
Previous Weekly High 93.66
Previous Weekly Low 92.7
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 93.15
Daily Fibonacci 61.8% 93.33
Daily Pivot Point S1 92.65
Daily Pivot Point S2 92.39
Daily Pivot Point S3 91.91
Daily Pivot Point R1 93.39
Daily Pivot Point R2 93.87
Daily Pivot Point R3 94.13



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