- The DXY manages to regain some ground and bounces from 89.50.
- The 2021 low at 89.20 appears on the way south.
The US Dollar Index (DXY) reversed the recent weakness somewhat and managed to rebound from the recent lows of 89.50.
The negative stance on the dollar remains unchanged for now, leaving room for a deeper DXY pullback within the short-term horizon, which could extend to this year’s low of 89.20 in the coming weeks.
Meanwhile, and looking at the broader scenario, as long as it remains below the 200-day SMA today at 91.72, the outlook for the dollar is forecast to remain negative.
DXY day chart
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