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


  • DXY fades Monday’s uptick and recedes below the 93.00 level.
  • The 93.30 zone offers interim resistance in the near-term.

DXY resumes the downside following Monday’s positive price action and comes under renewed selling pressure after a failed sustainable move beyond 93.00.

In the meantime, it seems occasional bullish attempts remain capped by the 93.30 region, where converge the 55-day SMA and the 6-month resistance line. A surpass of this area should open the door to a visit to last week’s tops around 93.90 (October 15).

While below the 200-day SMA, today at 96.68, the negative view on the dollar is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 92.94
Today Daily Change 26
Today Daily Change % -0.14
Today daily open 93.07
 
Trends
Daily SMA20 93.41
Daily SMA50 93.27
Daily SMA100 94.41
Daily SMA200 96.72
 
Levels
Previous Daily High 93.11
Previous Daily Low 92.79
Previous Weekly High 93.77
Previous Weekly Low 92.47
Previous Monthly High 94.74
Previous Monthly Low 91.74
Daily Fibonacci 38.2% 92.99
Daily Fibonacci 61.8% 92.91
Daily Pivot Point S1 92.87
Daily Pivot Point S2 92.66
Daily Pivot Point S3 92.54
Daily Pivot Point R1 93.19
Daily Pivot Point R2 93.32
Daily Pivot Point R3 93.52

 

 

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