- The DXY is volatilely trading above 90.00 so far on Friday.
- Below 90.00 the low of this year emerges at 89.20.
The US Dollar Index (DXY) alternates between gains and losses, always above the key level of 90.00 for the time being.
The inability to climb above the recent highs in the 91.00 region led sellers to return to the market and now the focus of attention shifted to the continuation of the downtrend.
That being said, a break of 90.00 shouldn’t surprise anyone on the short-term horizon. Below this psychological level are the 2021 lows around 89.20 ahead of the March 2018 low of 88.94.
Long-term, as long as the DXY trades below the 200-day SMA, today at 94.28, the negative view is expected to persist.
DXY day chart