- The DXY index extends Thursday’s losses below the key level of 93.00.
- The 92.50 region now appears as potential short-term support.
The DXY index continues to correct lower after the recovery of the first half of the week faltered at the 93.30 region (November 11).
That said, a deeper pullback could point to the next area of ​​relevance around 92.50, where the October low and the 6-month support line coincide. A loss in this zone could motivate a move towards the monthly lows in the region of 92.15 / 10 (9 November).
As long as the DXY index remains below the 200-day SMA today at 96.37, the negative view is expected to persist.
US Dollar Index DXY Daily Chart
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