US Dollar Index Price Analysis: The 95.50 area holds the downside for now

DXY struggles for direction at recent lows near 95.50.
The loss of the mid-95.00s should open the door to extra losses.

Pablo Piovano FXStreet

DXY seems to have met some decent support in the area of YTD lows around 95.50 on Wednesday.

If sellers break below this level, they can push the index further south in the short-term. Against that, the next support of note emerges at the weekly low at 94.94 recorded on November 15.

In the meantime, while above the 4-month support line (off September’s low) near 95.10, further gains in DXY are likely. Looking at the broader picture, the longer-term positive stance remains unchanged above the 200-day SMA at 93.10.

DXY daily chart

Dollar Index Spot

Overview
Today last price	95.63
Today Daily Change	16
Today Daily Change %	0.02
Today daily open	95.61

Trends
Daily SMA20	96.11
Daily SMA50	95.87
Daily SMA100	94.64
Daily SMA200	93.11

Levels
Previous Daily High	96.07
Previous Daily Low	95.58
Previous Weekly High	96.46
Previous Weekly Low	95.71
Previous Monthly High	96.92
Previous Monthly Low	95.57
Daily Fibonacci 38.2%	95.77
Daily Fibonacci 61.8%	95.88
Daily Pivot Point S1	95.44
Daily Pivot Point S2	95.27
Daily Pivot Point S3	94.95
Daily Pivot Point R1	95.93
Daily Pivot Point R2	96.24
Daily Pivot Point R3	96.41

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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