- The DXY index remains under heavy pressure and continues to target the 92.00 zone.
- A break out of this support should expose the 2020 low near 91.70.
The downside momentum in the DXY index is accelerating, with the index falling below the key 6-month support line at the 92.45 / 40 region on Wednesday.
Immediately to the downside are the monthly lows in the 92.15 / 10 zone (November 9) before the 2020 low at 91.74 (September 1).
As long as the DXY index remains below the 200 day SMA, today at 96.27, the negative view is expected to persist.
US Dollar Index DXY Daily Chart
US Dollar Index DXY Technical Levels
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