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.

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

 

 

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