US Dollar Index Price Analysis: Interim support lines up at 92.00
|- The DXY looks consolidative in the lower end of the range.
- Immediately to the downside comes in the 92.00 neighbourhood.
The index extends the weekly leg lower, although it so far manages to keep business above the 92.00 yardstick.
A breach of the latter should open the door to extra losses with the initial interim target at the 50-day SMA, today at 91.50.
Further south comes in the more relevant area around 91.30, where sit weekly lows recorded in mid-March.
Below the 200-day SMA at 92.36 the outlook for DXY is expected to return to the bearish side.
DXY daily chart
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