US Dollar Index Price Analysis: Upside capped by the resistance line near 90.80

DXY meets solid resistance in the 90.80 region on Friday.
The 2020-2021 resistance line also sits around this region.

Pablo Piovano FXStreet

DXY extends the rejection from weekly highs below the 91.00 mark, shedding ground for the second session in a row on Friday.

The continuation of the downtrend is expected to meet the next support of relevance around the 90.00 neighbourhood. That said, a breach of this region should not surprise anyone in the short-term horizon, while further south is located the 2021 lows around 89.20 ahead of the March 2018 low at 88.94.

Occasional bullish attempts in DXY are seen as corrective only and in the longer run, as long as DXY trades below the 200-day SMA (94.03), the negative view is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price	90.44
Today Daily Change	42
Today Daily Change %	-0.11
Today daily open	90.54

Trends
Daily SMA20	90.21
Daily SMA50	90.6
Daily SMA100	91.96
Daily SMA200	94.09

Levels
Previous Daily High	90.86
Previous Daily Low	90.41
Previous Weekly High	90.95
Previous Weekly Low	90.05
Previous Monthly High	92.02
Previous Monthly Low	89.52
Daily Fibonacci 38.2%	90.58
Daily Fibonacci 61.8%	90.68
Daily Pivot Point S1	90.35
Daily Pivot Point S2	90.15
Daily Pivot Point S3	89.9
Daily Pivot Point R1	90.8
Daily Pivot Point R2	91.05
Daily Pivot Point R3	91.25

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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