- The DXY index resumes the decline and challenges the 90.20 / 15 region.
- A breakout of this region exposes the 90.00 level ahead of 89.20.
The DXY index puts the 2020-2021 support line under increased pressure and is moving to weekly lows around 90.20 / 15.
Psychological support at 90.00 appears below this region, while a breakout of this level should open the door for a visit to the 2021 lows around 89.20 (Jan 6) before targeting the March 2018 low at 88.94 .
Meanwhile, occasional bouts of bullish pressure on the dollar are considered only corrective and, in the long term, and as long as the DXY index remains below the 200-day SMA, today at 93.50, the stance is expected to bearish persist.
US Dollar Index DXY Daily Chart
US dollar DXY index technical levels
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