US Dollar Index Price Analysis: Fall Looks Limited

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  • DXY is trading at 3-day lows near 92.30 on Friday.
  • There is still room to exceed 93.00 and more.

The DXY (US Dollar Index) it adds to Thursday’s losses and extends the stretch down to near 92.30 at the end of the week.

Despite the ongoing correction, the resumption of the previous upward trend is still pending on the short-term horizon. If DXY breaks through the monthly highs so far at 92.86, then the 93.00 barrier should start to emerge on the horizon ahead of the pre-Jackson Hole peak at 93.18.

Meanwhile, and looking at the broader scenario, the constructive stance on the dollar is unchanged while holding the 200-day SMA, today at 91.36.

DXY daily chart

Technical levels

Dollar Index Spot

Today’s Last Price 92.47
Today’s Daily Change -0.04
Today’s Daily Change% -0.04
Today’s Daily Opening 92.51
SMA of 20 Daily 92.75
SMA of 50 Daily 92.62
SMA of 100 Daily 91.69
200 SMA Daily 91.36
Daily Previous Maximum 92.73
Daily Previous Minimum 92.38
Weekly Preview Maximum 92.79
Weekly Prior Minimum 91.95
Monthly Previous Maximum 93.73
Minimum Previous Monthly 91.82
Daily Fibonacci 38.2% 92.52
Daily Fibonacci 61.8% 92.6
Daily Pivot Point S1 92.35
Daily Pivot Point S2 92.19
Daily Pivot Point S3 91.99
Daily Pivot Point R1 92.7
Daily Pivot Point R2 92.9
Daily Pivot Point R3 93.06

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