US Dollar Index Price Index: DXY bears attack key support above 91.00


  • DXY stays depressed near two-week low, marked earlier in Asia.
  • Momentum recovers but remains weak, suggests further downside on the trend line breakdown.
  • 100-SMA, a fortnight-old horizontal support zone test short-term sellers.
  • Bulls need to cross 92.00 to retake controls.

US dollar index (DXY) fades early Asian bounce off two-week low while easing to 91.42 amid the initial Thursday. However, post-Fed breakdown of an ascending trend line from March 03 directs the bears to battle key horizontal support and 100-SMA by the press time.

Given the RSI uptick from oversold conditions, the greenback bears are waiting for a major push to the south to break the 91.40-32 area comprising multiple levels marked since March 02 and 100-SMA.

While sustained trading below 91.32 will eye 200-SMA level of 91.00, any further weakness should conquer the 61.8% Fibonacci retracement of February 25 to March 09 upside, at 90.75, to recall the DXY bears.

On the contrary, the corrective pullback may dwindle around 91.70, a break of which will eye to cross the previous support line and 23.6% Fibonacci retracement around 91.85.

Even if the greenback buyers rise past-91.85, a clear rise beyond the 92.00 threshold becomes necessary for the bulls to mark dominance and refresh the monthly high above 92.50 during any further upside.

DXY four-hour chart

Trend: Bearish

Additional important levels

Overview
Today last price 91.46
Today Daily Change 0.05
Today Daily Change % 0.05%
Today daily open 91.41
 
Trends
Daily SMA20 91.15
Daily SMA50 90.79
Daily SMA100 91.12
Daily SMA200 92.73
 
Levels
Previous Daily High 92.01
Previous Daily Low 91.37
Previous Weekly High 92.5
Previous Weekly Low 91.36
Previous Monthly High 91.6
Previous Monthly Low 89.68
Daily Fibonacci 38.2% 91.61
Daily Fibonacci 61.8% 91.76
Daily Pivot Point S1 91.19
Daily Pivot Point S2 90.96
Daily Pivot Point S3 90.56
Daily Pivot Point R1 91.82
Daily Pivot Point R2 92.23
Daily Pivot Point R3 92.45

 

 

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