- The DXY finds solid resistance at the 90.80 region on Friday.
- The 2020-2021 resistance line is also located around this region.
The DXY extends rejection from weekly highs below 91.00, losing ground for the second straight session on Friday.
The continuation of the downtrend is expected to find the next relevant support around the 90.00 area. That said, a gap in this region shouldn’t surprise anyone on the short-term horizon, while further south lie the 2021 lows around 89.20 before the March 2018 low at 88.94.
Occasional bullish attempts by the DXY are considered only corrective and, in the long term, as long as the DXY trades below the 200-day SMA (94.03), the negative view is expected to persist.
Daily chart
Technical levels
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