- The recent sell-off on DXY found decent support around 92.00.
- The 2020 low near 91.70 emerges as the next key support.
The DXY manages to recover from Monday’s lows near 92.00, although the bull run appears to have slowed around the key 93.00 zone.
That being said, the door remains open not only for the continuation of the downtrend, but also for a possible visit to the 2020 lows in the 91.75 / 70 zone (September 1). Further south comes the September 2017 low at 91.01.
As long as the DXY trades below the 200-day SMA today at 96.45, the negative view is expected to persist.
Daily chart
Credits: Forex Street
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