- The DXY looks consolidative above the 92.00 mark.
- A breach of 92.00 should allow for a deeper pullback.
The index navigates the lower bound of the weekly range and remains well supported by the 92.00 neighbourhood.
A breach of this area is expected to open the door to extra losses to, initially, the 50-day SMA in the mid-91.00s.
Further south comes in the more relevant area around 91.30, where sit weekly lows recorded in mid-March.
Below the 200-day SMA (92.36) the outlook for DXY is expected to return to the bearish side.
DXY daily chart
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