- The DXY briefly visited the 200-day simple moving average on Wednesday.
- There is still room for a deeper move to 91.50 and lower.
The U.S. dollar index (DXY) maintains the trader in a lateral direction so far this week, with initial containment around 91.50, where the 200-day simple moving average is located.
If the sell momentum picks up pace, then another visit to the critical 200-day SMA today at 91.48 should not be ruled out.
In the meantime, and looking at the more global scenario, a sustainable breakout of the 200-day SMA should turn the DXY outlook bullish.
DXY day chart
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