US Dollar Index Price Analysis: Rebound seen struggling near 94.00

DXY fades the earlier uptick to the 93.90 region on Tuesday.
Immediately to the upside is located the key barrier near 94.00.

Pablo Piovano FXStreet

The rally in DXY has so far faltered in the proximity of the 94.00 neighbourhood on turnaround Tuesday.

This is a key hurdle where sits the August’s top. A breakout of this area should face a minor resistance at the Fibo level (of the 2017-2018 drop) at 94.20 ahead of the 6-month resistance line near 94.90.

Looking at the broader picture, the negative outlook on DXY is seen unchanged while below the 200-day SMA, today at 97.15.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.5
Today Daily Change	42
Today Daily Change %	-0.03
Today daily open	93.53

Trends
Daily SMA20	92.96
Daily SMA50	93.52
Daily SMA100	95.77
Daily SMA200	97.17

Levels
Previous Daily High	93.78
Previous Daily Low	92.75
Previous Weekly High	93.61
Previous Weekly Low	92.77
Previous Monthly High	94
Previous Monthly Low	92
Daily Fibonacci 38.2%	93.39
Daily Fibonacci 61.8%	93.14
Daily Pivot Point S1	92.93
Daily Pivot Point S2	92.32
Daily Pivot Point S3	91.9
Daily Pivot Point R1	93.95
Daily Pivot Point R2	94.38
Daily Pivot Point R3	94.98

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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