|

US Dollar Index Price Analysis: The 92.00 area holds the downside so far

  • Price action around DXY stays well underpinned by 92.00.
  • A breach of this area opens the door to extra losses.

The index navigates the lower bound of the recent range and remains well supported by the 92.00 area for the time being.

If DXY clears this area, then there is the chance of a deeper pullback to, initially, the 50-day SMA in the mid-91.00s.

Further south is located the more relevant area around 91.30, where sit weekly lows recorded in mid-March.

Below the 200-day SMA (92.28) the outlook for DXY is expected to return to the bearish side.

DXY daily chart

Dollar Index Spot

Overview
Today last price92.24
Today Daily Change23
Today Daily Change %0.15
Today daily open92.1
 
Trends
Daily SMA2092.42
Daily SMA5091.55
Daily SMA10091.04
Daily SMA20092.31
 
Levels
Previous Daily High92.33
Previous Daily Low92.01
Previous Weekly High93.11
Previous Weekly Low92
Previous Monthly High93.44
Previous Monthly Low90.63
Daily Fibonacci 38.2%92.13
Daily Fibonacci 61.8%92.21
Daily Pivot Point S191.97
Daily Pivot Point S291.83
Daily Pivot Point S391.65
Daily Pivot Point R192.28
Daily Pivot Point R292.47
Daily Pivot Point R392.6

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.

More from Pablo Piovano
Share:

Editor's Picks

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.