US Dollar Index Price Analysis: Tough barrier emerges around 94.00


  • DXY’s recovery faltered just ahead of the key 94.00 barrier.
  • The reversion of the bullish attempt should target the 92.50 area.

DXY keeps struggling to advance further north of the monthly tops in the 94.00 neighbourhood so far this week.

The inability of the index to surpass this area of resistance in the (very) short-term could motivate sellers to return to the markets. In that scenario, the focus of attention is expected to re-shift to the YTD lows in the mid-92.00s.

The bearish view on the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.85.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.54
Today Daily Change 42
Today Daily Change % -0.13
Today daily open 93.66
 
Trends
Daily SMA20 94.18
Daily SMA50 95.84
Daily SMA100 97.73
Daily SMA200 97.89
 
Levels
Previous Daily High 93.74
Previous Daily Low 93.16
Previous Weekly High 94
Previous Weekly Low 92.5
Previous Monthly High 97.64
Previous Monthly Low 92.55
Daily Fibonacci 38.2% 93.52
Daily Fibonacci 61.8% 93.39
Daily Pivot Point S1 93.3
Daily Pivot Point S2 92.94
Daily Pivot Point S3 92.72
Daily Pivot Point R1 93.88
Daily Pivot Point R2 94.1
Daily Pivot Point R3 94.46

 

 

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