- Price action around DXY remains well supported at 92.00.
- To give 92.00 more losses would be expected.
The US Dollar Index (DXY) is navigating the lower bound of the recent range and remains with good support from the 92.00 area for the time being.
If the DXY clears this area, then there is a possibility of a deeper pullback to initially the 50-day SMA at the 91.50 zone.
Further down is the most relevant zone around 91.30, where the weekly lows registered in mid-March are located.
Below the 200-day SMA (92.28), the outlook for the DXY is expected to turn bearish.
DXY day chart
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