- The DXY index decline accelerates below the 92.00 level.
- There is intermediate support at the 50-day SMA at 91.57.
The downside move in the DXY index gains additional strength after breaking below the 92.00 level in a rather convincing manner, exposing a deeper pullback at the same time.
That said, the 50-day SMA, near 91.60, should offer intermediate support ahead of the more relevant support area around 91.30, where the weekly lows recorded in mid-March are located.
Below the 200 day SMA today at 92.26, the outlook for the DXY index is expected to return to the bearish side.
US Dollar Index DXY Daily Chart
US Dollar Index DXY Technical Levels
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