• DXY fails to gather serious traction above 90.00.
  • Recent tops near 90.50 emerge as an interim hurdle.

DXY looks to move further north of the 90.00 yardstick on a more sustainable fashion.

If bulls manage to push the index further, then the recovery is expected to meet an interim barrier at last week’s peaks in the 90.40/45 band (May 28) ahead of the 91.00 neighbourhood.

Failure to do so, the dollar is seen resuming the downtrend with the immediate contention around the May’s low at 89.50 (May 25). Further south comes in the YTD low at 89.20 (January 6).

In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.63 the outlook for the buck is forecast to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 90.06
Today Daily Change 25
Today Daily Change % 0.17
Today daily open 89.91
 
Trends
Daily SMA20 90.14
Daily SMA50 91.15
Daily SMA100 91.06
Daily SMA200 91.64
 
Levels
Previous Daily High 90.25
Previous Daily Low 89.86
Previous Weekly High 90.44
Previous Weekly Low 89.54
Previous Monthly High 91.44
Previous Monthly Low 89.54
Daily Fibonacci 38.2% 90.01
Daily Fibonacci 61.8% 90.1
Daily Pivot Point S1 89.76
Daily Pivot Point S2 89.62
Daily Pivot Point S3 89.38
Daily Pivot Point R1 90.15
Daily Pivot Point R2 90.39
Daily Pivot Point R3 90.54

 

 

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