US Dollar Index Price Analysis: Strong support is located around 92.00


  • USD bears failed to break below the 92.00 support so far.
  • Further south emerges the YTD lows near 91.70 (September 1).

DXY keeps flirting with the 8-month support line, today around 92.15, as the selling bias appears to have returned to the dollar.

The outlook on the index remains negative and therefore further declines are likely in the near-term. That said, the next target of relevance comes in at the 2020 low at 91.74 (September 1) ahead of May 2018 lows near 91.80.

In the near-term, the selling pressure is seen mitigating somewhat above weekly highs at 93.20 (November 11). However, as long as DXY trades below the 200-day SMA, today at 96.14, the negative view is forecast to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 92.35
Today Daily Change 38
Today Daily Change % -0.18
Today daily open 92.52
 
Trends
Daily SMA20 92.96
Daily SMA50 93.29
Daily SMA100 93.59
Daily SMA200 96.19
 
Levels
Previous Daily High 92.81
Previous Daily Low 92.02
Previous Weekly High 92.84
Previous Weekly Low 92.2
Previous Monthly High 94.1
Previous Monthly Low 92.47
Daily Fibonacci 38.2% 92.5
Daily Fibonacci 61.8% 92.32
Daily Pivot Point S1 92.09
Daily Pivot Point S2 91.66
Daily Pivot Point S3 91.3
Daily Pivot Point R1 92.88
Daily Pivot Point R2 93.24
Daily Pivot Point R3 93.67

 

 

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