US Dollar Index Price Analysis: Rising bets for a breach of 90.00
|- The index remains well under pressure near 90.00.
- A break below 90.00 should expose 89.68.
DXY loses further ground and remains poised to challenge the psychological support around 90.00 in the near-term.
Further south of the latter comes in the February’s low at 89.68. A deeper pullback below this level should put a potential visit to the YTD lows at 89.20 (January 6) back on the radar.
In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.90, the outlook for the buck is expected to remain negative.
DXY daily chart
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