US Dollar Index Price Analysis: Recovery targets the 91.40/45 band

DXY extends the bounce to the 91.10/15 region .
Extra gains look likely on a surpass of 91.40/45.

Pablo Piovano FXStreet

DXY regains extra steam and finally breaks above the 91.00 barrier on Wednesday, recording at the same time new 3-day highs.

Further upside looks likely in the very near-term with the next interim resistance at the 91.40/45 band ahead of the 50-day SMA, today at 91.67.

Below the 200-day SMA (92.02) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.02
Today Daily Change	23
Today Daily Change %	0.17
Today daily open	90.87

Trends
Daily SMA20	91.83
Daily SMA50	91.66
Daily SMA100	91.03
Daily SMA200	92.04

Levels
Previous Daily High	91.07
Previous Daily Low	90.81
Previous Weekly High	91.75
Previous Weekly Low	90.81
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	90.97
Daily Fibonacci 61.8%	90.91
Daily Pivot Point S1	90.76
Daily Pivot Point S2	90.65
Daily Pivot Point S3	90.5
Daily Pivot Point R1	91.03
Daily Pivot Point R2	91.18
Daily Pivot Point R3	91.29

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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