Home US Dollar Index Price Analysis: Extra losses on the cards

US Dollar Index Price Analysis: Extra losses on the cards

Published date: 26 Apr. 2021 | 12:56

DXY stays offered and breaks below the 91.00 support.
The persistent bearish stance sustains a deeper pullback.

DXY adds to Friday’s losses and clinches new monthly lows in the 90.70/65 band at the beginning of the week.

The negative sentiment around the dollar should leave the door open to a potential deeper pullback to the psychological 90.00 yardstick ahead of the February lows in the 89.70/65 band (February 25).

Below the 200-day SMA (92.06) the outlook for DXY is expected to remain on the offered side.

DXY daily chart

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