US Dollar Index Price Analysis: Pullback could see 95.50 retested

DXY resumes the leg lower and breaks below 96.00.
Next on the downside appears the 95.50 region.

Pablo Piovano FXStreet

DXY fades Monday’s decent bullish attempt and refocuses instead on the area well below 96.00 on Tuesday.

The next significant support comes at 95.51 (November 18), which is also reinforced by the 20-day SMA, today at 95.45.

In the meantime, while above the 2-month support line (off September’s low) near 94.10, extra gains in DXY remain well on the table. In addition, the broader constructive stance remains underpinned by the 200-day SMA at 92.47.

DXY daily chart

Dollar Index Spot

Overview
Today last price	95.68
Today Daily Change	60
Today Daily Change %	-0.51
Today daily open	96.17

Trends
Daily SMA20	95.36
Daily SMA50	94.46
Daily SMA100	93.58
Daily SMA200	92.45

Levels
Previous Daily High	96.45
Previous Daily Low	96.14
Previous Weekly High	96.94
Previous Weekly Low	95.99
Previous Monthly High	94.56
Previous Monthly Low	93.28
Daily Fibonacci 38.2%	96.26
Daily Fibonacci 61.8%	96.33
Daily Pivot Point S1	96.06
Daily Pivot Point S2	95.95
Daily Pivot Point S3	95.75
Daily Pivot Point R1	96.36
Daily Pivot Point R2	96.56
Daily Pivot Point R3	96.67

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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