- The DXY index decline finds decent support around 90.20.
- A breakout of this level should open the door to 89.20.
The DXY index decline appears to have found pretty decent support at the 90.00 region for the time being. This zone is also reinforced by the 2020-2021 support line, currently near 90.30.
A sustainable breakout of this region should open the door to a visit to the weekly lows around the 90.00 level (Jan 22) in the coming sessions. Below this psychological level are the 2021 lows around 89.20 ahead of the March 2018 low at 88.94.
Meanwhile, occasional bouts of bullish pressure on the dollar are seen as only corrective, and in the long term, and as long as the DXY index remains below the 200-day SMA, today at 93.64, the stance is expected to bearish persist.
US Dollar Index DXY Daily Chart
US dollar DXY index technical levels
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