- The DXY accelerates the downtrend after falling below 91.00.
- A deeper pullback shouldn’t rule out a move to 90.00.
The US Dollar Index (DXY) lost more ground and slid back to the 90.85 / 80 band on Tuesday, where some contention appears to have emerged for the time being.
Continued selling pressure could expose a more serious break below 91.00 towards the psychological 90.00 zone, although there are no relevant support levels until February lows at the 89.70 / 65 band.
Below the 200-day SMA (92.16), the outlook for the DXY is expected to remain on the downside.
DXY day chart
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