Home US Dollar Index Price Analysis: Corrective downside could test 92.70

US Dollar Index Price Analysis: Corrective downside could test 92.70

Updated: 14 Sep. 2020 | 12:42

DXY resumes the downside and challenges the 93.00 support.
A breach of 93.00 should pave the way for a move to 92.70.

DXY is now adding to Friday’s losses near the 93.00 neighbourhood on the back of the continuation of the positive sentiment in the risk-associated space.

Further downside now seems likely and a drop below 93.00 should expose last week’s lows around 92.70 (September 11).

The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.27.

DXY daily chart

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