US Dollar Index Price Analysis: Recovery seen struggling near 94.00


  • DXY moves higher although meets resistance in the 93.60 zone.
  • The 94.00 neighbourhood emerges as the next hurdle of relevance.

The index is extending the weekly rebound although bulls has so far failed to extend the move further north of multi-day highs around 93.60.

The continuation of the upside needs this area to be cleared on a convincing fashion to allow for a potential test of the 94.00 neighbourhood, or August’s tops. This area of resistance is also reinforced by the proximity of the 55-day SMA, today at 93.95.

The negative outlook in DXY is seen unchanged while below the 200-day SMA, today at 97.21.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.22
Today Daily Change 45
Today Daily Change % 0.12
Today daily open 93.11
 
Trends
Daily SMA20 92.95
Daily SMA50 93.74
Daily SMA100 95.95
Daily SMA200 97.23
 
Levels
Previous Daily High 93.28
Previous Daily Low 92.78
Previous Weekly High 93.66
Previous Weekly Low 92.7
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 93.09
Daily Fibonacci 61.8% 92.97
Daily Pivot Point S1 92.83
Daily Pivot Point S2 92.56
Daily Pivot Point S3 92.33
Daily Pivot Point R1 93.33
Daily Pivot Point R2 93.56
Daily Pivot Point R3 93.83

 

 

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