US Dollar Index Price Analysis: Corrective downside limited around 92.50

DXY prints 2021 highs near 93.50 earlier on Wednesday.
A corrective pullback could extend to the 200-day SMA.

Pablo Piovano FXStreet

DXY comes under some selling pressure following new YTD peaks in the 93.40/50 band recorded during early trade.

While the continuation of the uptrend looks likely in the short-term horizon, the proximity of the overbought territory could trigger some corrective moves that should be well contained around the 200-day SMA in the mid-92.00s.

If DXY manages to keep business above the latter on a sustainable basis, then the outlook should shift to constructive, at least in the near-term.

Dollar Index Spot

Overview
Today last price	93.13
Today Daily Change	34
Today Daily Change %	-0.17
Today daily open	93.29

Trends
Daily SMA20	92.06
Daily SMA50	91.17
Daily SMA100	91.05
Daily SMA200	92.53

Levels
Previous Daily High	93.35
Previous Daily Low	92.88
Previous Weekly High	92.92
Previous Weekly Low	91.71
Previous Monthly High	91.6
Previous Monthly Low	89.68
Daily Fibonacci 38.2%	93.17
Daily Fibonacci 61.8%	93.06
Daily Pivot Point S1	93
Daily Pivot Point S2	92.7
Daily Pivot Point S3	92.52
Daily Pivot Point R1	93.47
Daily Pivot Point R2	93.65
Daily Pivot Point R3	93.94

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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