- DXY adds to Thursday’s losses below the key 93.00 barrier.
- The 92.50 region now emerges as a potential near-term support.
DXY keeps correcting lower after the recovery in the first half of the week faltered in the 93.30 region (November 11).
That said, a deeper retracement could be in the offing with the next area of relevance around 92.50, where coincide the October’s low (October 21) and the 6-month support line. A loss of this zone could motivate a leg lower to the monthly lows in the 92.15/10 band (November 9).
Further out, as long as DXY trades below the 200-day SMA, today at 96.37, the negative view is forecast to persist.
DXY daily chart
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