US Dollar Index Price Analysis: Corrective downside could test 92.70

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DXY is now adding to Friday’s losses near the 93.00 neighbourhood on the back of the continuation of the positive sentiment in the risk-associated space.

Further downside now seems likely and a drop below 93.00 should expose last week’s lows around 92.70 (September 11).

The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.27.

DXY daily chart

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Dollar Index Spot

Overview
Today last price93.07
Today Daily Change30
Today Daily Change %-0.19
Today daily open93.25

 

Trends
Daily SMA2092.89
Daily SMA5093.95
Daily SMA10096.15
Daily SMA20097.3

 

Levels
Previous Daily High93.42
Previous Daily Low93.09
Previous Weekly High93.66
Previous Weekly Low92.7
Previous Monthly High94
Previous Monthly Low92
Daily Fibonacci 38.2%93.22
Daily Fibonacci 61.8%93.29
Daily Pivot Point S193.09
Daily Pivot Point S292.92
Daily Pivot Point S392.76
Daily Pivot Point R193.42
Daily Pivot Point R293.59
Daily Pivot Point R393.75