- The DXY index remains under pressure and is now targeting the 92.00 area.
- A break below that level should pave the way for a move towards the 2020 low.
The downside momentum in the DXY index accelerates on Tuesday and challenges the key 6-month support line at the 92.45 / 40 region.
Lower down are the monthly lows in the 92.15 / 10 zone (Nov 9) before the 2020 low at 91.74 (Sept 1).
As long as the DXY index remains below the 200-day SMA, today at 96.31, the negative view is expected to persist.
US Dollar Index DXY Daily Chart
US Dollar Index DXY Technical Levels
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