- The DXY joins the bearish weekly leg and threatens 103.00.
- A further pullback could return to the 102.50 area.
He DXY it falls for the third session in a row and tests the support of 103.00 on Wednesday.
If the losses accelerate and the index breaks below the 200-day SMA (103.07), it could revisit provisional containment at the 55-day and 100-day SMAs at 102.47 and 102.33, respectively, before the August low in 101.74 (August 4).
As long as it holds above the key 200-day SMA, the outlook for the DXY is expected to remain constructive.
DXY daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
