- DXY resumes the downside and challenges the 90.20/15 band.
- A breach of this level exposes the 90.00 mark ahead of 89.20.
DXY puts the 2020-2021 support line under further pressure and already navigates in weekly lows around 90.20/15.
Below this area emerges the psychological support at 90.00, while a breakdown of it should open the door to a visit to the 2021 lows around 89.20 (January 6) ahead of the March 2018 low at 88.94.
In the meantime, occasional bouts of upside pressure in the dollar are seen as corrective only and in the longer run, as long as DXY trades below the 200-day SMA (93.50), the bearish stance is expected to persist.
DXY daily chart
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