- The DXY index is struggling to get upward traction.
- Additional gains should face initial resistance near 91.50.
The DXY index fails to sustain a bullish attempt as the general stance on the dollar remains tilted to the bearish side.
With that said, possible occasional moves to the upside are expected to hit the intermediate hurdle near the 91.50 region, where the 9-month-old resistance line is located, ahead of a Fibonacci level at 91.92. Above this region, downward pressure is expected to ease somewhat.
Meanwhile, the negative view on the DXY index is expected to remain unchanged as long as it moves below the 200-day SMA, today at 95.77.
US Dollar Index DXY Daily Chart
US dollar DXY index technical levels
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