- The DXY resumes the decline and falls to new lows.
- The 103.00 zone emerges as the next support.
He US Dollar Index (DXY) Putting Friday’s decent advance behind it, it turns its focus back to dips, while also hitting fresh multi-week lows in the 103.25/20 area on Monday.
Should the index extend the pullback, it could test the 100-day SMA transient around 103.00 before the 55-day SMA flash at 102.52.
On a bigger picture, as long as it holds below the 200-day SMA at 105.42, the outlook for the index will remain negative.
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.
