US Dollar Index Price Analysis: Support seen around 92.00

DXY adds to Thursday’s losses around 92.30.
Extra downside should meet support in the 92.00 area.

Pablo Piovano FXStreet

DXY sheds further ground following recent monthly peaks in the 92.80/85 band on July 7.

The corrective decline could extend further, although the 92.00 neighbourhood is forecast to offer strong contention for the time being. This area is reinforced by the 20-day SMA at 91.94.

In the meantime, and looking at the broader scenario, the positive outlook for the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.39.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.31
Today Daily Change	27
Today Daily Change %	-0.06
Today daily open	92.37

Trends
Daily SMA20	91.86
Daily SMA50	90.91
Daily SMA100	91.28
Daily SMA200	91.4

Levels
Previous Daily High	92.79
Previous Daily Low	92.24
Previous Weekly High	92.74
Previous Weekly Low	91.7
Previous Monthly High	92.45
Previous Monthly Low	89.66
Daily Fibonacci 38.2%	92.45
Daily Fibonacci 61.8%	92.58
Daily Pivot Point S1	92.14
Daily Pivot Point S2	91.92
Daily Pivot Point S3	91.6
Daily Pivot Point R1	92.69
Daily Pivot Point R2	93.01
Daily Pivot Point R3	93.24

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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