US Dollar Index Price Analysis: Scope for a re-test of 91.00

The index rebounds sharply from the 90.00 zone.
Further gains now target the 91.00 neighbourhood.

Pablo Piovano FXStreet

DXY met unexpected upside traction on the back of recent US inflation figures and extends the bounce off recent lows in the vicinity of the 90.00 yardstick (Tuesday).

The continuation of the recovery is expected to meet the next hurdle of note at the 91.00 zone in the short-term horizon. This resistance area is also reinforced by the proximity of the 100-day SMA, today at 91.07.

In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.86, the outlook for the buck is forecast to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	90.83
Today Daily Change	32
Today Daily Change %	0.04
Today daily open	90.79

Trends
Daily SMA20	90.95
Daily SMA50	91.71
Daily SMA100	91.06
Daily SMA200	91.88

Levels
Previous Daily High	90.8
Previous Daily Low	90.16
Previous Weekly High	91.44
Previous Weekly Low	90.19
Previous Monthly High	93.33
Previous Monthly Low	90.42
Daily Fibonacci 38.2%	90.55
Daily Fibonacci 61.8%	90.4
Daily Pivot Point S1	90.36
Daily Pivot Point S2	89.94
Daily Pivot Point S3	89.72
Daily Pivot Point R1	91.01
Daily Pivot Point R2	91.22
Daily Pivot Point R3	91.65

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.

AUD/USD recovers toward 0.7000 amid improving mood

AUD/USD is firming up toward 0.7000 in Asia on Tuesday, helped by improving market mood. A pause in the US Dollar rebound also aids the pair's upside. However, geopolitical risks and caution ahead of AI tech earnings report could limit the pair.

USD/JPY flatlines near 158.50 as markets seek direction

USD/JPY steadies around 158.50 in the Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of Japan’s National Consumer Price Index inflation data later on Friday. Meanwhile, elevated US bond yields provide some support to the US Dollar against the Japanese Yen.

Gold falls as bond yields regain ground ahead of Meta Q3 earnings

Gold price declines to near $4,120 in the European trade. The precious metal faces selling pressure amid a recovery in yields on United States bonds and rising oil prices. US Treasury Yields have shown signs of recovery, with US hyperscalers set to report their Q3 earnings in near time. As of writing, 10-year US Treasury Yields are down 0.35% to near 5.13%, but gained 1.2% on Monday.

NEAR Protocol: Mild correction persists despite resilient ETF inflows

NEAR Protocol price is down nearly 2% on Tuesday, mirroring its 2% decline from the previous day. Institutional demand remains firm, with Bitwise’s NEAR-focused Exchange Traded Fund (ETF) recording over $5 million in inflows on Monday.

Chip bounce fails to inspire Asia and France weighs on Europe

Preview: US chips rebound, but Europe and Asia slide; oil firms on Gulf supply fears. Risk caught a bid on Monday, buoyed by better-than-expected Chinese Q3 26 GDP growth and a rebound in chipmakers. US equity benchmarks recovered most of Friday’s lost ground, with the S&P 500 touching gloves with the underside of its 50-day SMA around 7,705 and the Nasdaq 100 leading the way, adding 1.2%.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.