US Dollar Index Price Analysis: Upside seen as temporary

DXY probes once again the 90.30 region, or 2-day peaks.
The reversion of the rebound could re-visit 89.50.

Pablo Piovano FXStreet

DXY leaves behind Thursday’s pullback and re-visits the 90.30/40 band on Friday, or 2-day highs.

Bullish attempts, in the meantime, remain capped by the 90.50/60 band for the time being. As long as this area continues to cap the upside, there is still room for a potential drop to May’s low in the mid-89.00s.

In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.56 the outlook for the buck is forecast to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	90.34
Today Daily Change	42
Today Daily Change %	0.30
Today daily open	90.07

Trends
Daily SMA20	90.03
Daily SMA50	90.81
Daily SMA100	91.04
Daily SMA200	91.57

Levels
Previous Daily High	90.31
Previous Daily Low	89.99
Previous Weekly High	90.63
Previous Weekly Low	89.66
Previous Monthly High	91.44
Previous Monthly Low	89.54
Daily Fibonacci 38.2%	90.11
Daily Fibonacci 61.8%	90.19
Daily Pivot Point S1	89.93
Daily Pivot Point S2	89.79
Daily Pivot Point S3	89.6
Daily Pivot Point R1	90.26
Daily Pivot Point R2	90.45
Daily Pivot Point R3	90.58

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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