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US Dollar Index Price Analysis: The 6-month resistance line at 93.40 caps the upside

  • DXY fails to extend the rebound further north of the 93.00 mark.
  • The key 6-month resistance line near 93.40 keeps capping gains.

DXY runs out of steam in the 93.10 region on Friday following a so far unsuccessful attempt to extend Thursday’s decent advance.

If the USD-bulls regain the upper hand, then the next interim hurdle emerges at the 55-day SMA near 93.30 ahead of the 6-month resistance line around 93.40. Further up is located last week’s highs near 93.80.

Furthermore, DXY risks extra weakness as long as it keeps the trade below the 200-day SMA at 96.73.

DXY daily chart

Dollar Index Spot

Overview
Today last price92.73
Today Daily Change44
Today Daily Change %-0.23
Today daily open92.94
 
Trends
Daily SMA2093.56
Daily SMA5093.27
Daily SMA10094.48
Daily SMA20096.76
 
Levels
Previous Daily High92.97
Previous Daily Low92.61
Previous Weekly High93.91
Previous Weekly Low93.01
Previous Monthly High94.74
Previous Monthly Low91.74
Daily Fibonacci 38.2%92.83
Daily Fibonacci 61.8%92.75
Daily Pivot Point S192.71
Daily Pivot Point S292.48
Daily Pivot Point S392.34
Daily Pivot Point R193.07
Daily Pivot Point R293.21
Daily Pivot Point R393.44

Author

Pablo Piovano

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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