- The DXY continues to test the support at 92.00 on Monday.
- The break at 92.00 should enable more losses.
The US Dollar Index (DXY) is trading in the lower bound zone of the recent range and remains well supported by the 92.00 zone so far.
A breakout of this area is expected to open the doors to further losses for, initially, the 50-day SMA at the 91.50 zone.
Further down it is in the most relevant area around 91.30, where the weekly lows registered in mid-March are located.
Below the 200-day SMA at 92.31, the outlook for the DXY is expected to return to the bearish side.
DXY day chart
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