- DXY stays offered and near the key support at 91.00.
- A breach of 91.00 should expose a deeper pullback near-term.
DXY fades Thursday’s bull run and returns to the 91.00 neighbourhood amidst the resumption of the selling bias.
Further downside should expose a move south of the 91.00 yardstick and with it a potential visit to the so far monthly lows in the 90.90/85 band (Tuesday).
If the selling impulse picks up extra pace, then deeper pullback could even see the psychological 90.00 yardstick retested in the short-term horizon ahead of the February lows in the 89.70/65 band.
Below the 200-day SMA (92.08) the outlook for DXY is expected to remain on the negative side.
DXY daily chart
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