- DXY remains offered and risks a deeper pullback near-term.
- There is an interim support a the 50-day SMA at 91.45.
The index remains on the defensive so far this week and threatens to break below the key 200-day SMA.
A sustainable drop below the latter should open the door to extra gains with the initial interim target at the 50-day SMA, today at 91.45.
Further south comes in the more relevant area around 91.30, where sit weekly lows recorded in mid-March.
Below the 200-day SMA the outlook for DXY is expected to return to the bearish side.
DXY daily chart