- The DXY remains under pressure below 92.00.
- There is scope for a deeper move to the 91.50 area.
The U.S. dollar index (DXY) is still unable to regain the great strength of days ago on Wednesday and remains on the defensive at levels below 92.00.
The better tone in stocks as investors digest the Federal Reserve meeting along with calm activity in the Treasury bond market sponsored a bearish leg of the dollar.
If the bearish tone gains momentum, then another visit to the critical 200 SMA today at 91.51 should not be ruled out.
Meanwhile, and looking at the bigger picture, a sustainable break of the 200 SMA today at 91.50 should turn the DXY outlook positive.
DXY day chart
Dollar Index Spot
Panorama
Today Last Price91.66
Today’s Daily Change-0.06
Today’s Daily Change% -0.07
Today’s Daily Opening91.72
Trends
SMA of 20 Daily90.57
SMA of 50 Daily90.65
100 Daily SMA91.11
200 SMA Daily91.5
Levels
Daily Pre-High92.14
Daily Previous Low91.65
Weekly Preview High92.4
Weekly Prior Minimum90.35
Previous Monthly High91.44
Monthly Previous Low89.54
Daily Fibonacci 38.2% 91.83
Daily Fibonacci 61.8% 91.95
Daily Pivot Point S191.53
Daily Pivot Point S291.35
Daily Pivot Point S391.04
Daily Pivot Point R192.02
Daily Pivot Point R292.32
Daily Pivot Point R392.51
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