- The DXY gives up Friday’s rally and loses 92.00.
- Initial support appears around the 91.80 region, the July low.
The U.S. dollar index (DXY) remains under pressure and resumes the downtrend below the 92.00 support.
It continues to appear as possible more falls in the current context. That said, a move below the July lows near 91.80 (Friday July 30 low) should open the door for a possible pullback to the 91.50 region (June 23 low). This support zone is reinforced by the proximity to the 100 and 50 simple moving averages and a Fibonacci level.
Looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as the index trades above the 200-day SMA, today at 91.33.
DXSY day chart
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