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  • DXY adds to Thursday’s losses below the key 93.00 support.
  • Immediately to the downside aligns the weekly low at 92.70.

The index has come under further downside pressure after being rejected once again from the 93.60/70 band on Thursday.

Further decline thus remains likely with the next target at the weekly lows at 92.70. A move further south of this level should put the 2020 low near 91.70 back on the investors’ radar.

The negative outlook in DXY is seen unchanged while below the 200-day SMA, today at 97.18.

DXY daily chart