US Dollar Index Price Analysis: Solid support aligns in the 93.00 area

DXY manages to rebound from recent lows in the 93.00 zone.
A breach of this level should open the door to a move to 92.70.

Pablo Piovano FXStreet

After bottoming out in the 93.00 neighbourhood, DXY regains some composure and flirts with the 55-day SMA near 93.30 at the beginning of the week.

If the ongoing bullish move picks up extra pace, then the next interim hurdle comes in near 94.00, where is located the 6-moonth resistance line ahead of a Fibo level at 94.20.

While below the 200-day SMA, today at 96.92, the negative view on the dollar is expected to prevail.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.22
Today Daily Change	22
Today Daily Change %	0.23
Today daily open	93.01

Trends
Daily SMA20	93.65
Daily SMA50	93.27
Daily SMA100	94.93
Daily SMA200	96.94

Levels
Previous Daily High	93.61
Previous Daily Low	93.01
Previous Weekly High	93.9
Previous Weekly Low	93.01
Previous Monthly High	94.74
Previous Monthly Low	91.74
Daily Fibonacci 38.2%	93.24
Daily Fibonacci 61.8%	93.38
Daily Pivot Point S1	92.81
Daily Pivot Point S2	92.6
Daily Pivot Point S3	92.2
Daily Pivot Point R1	93.41
Daily Pivot Point R2	93.82
Daily Pivot Point R3	94.02

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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