US Dollar Index Technical Analysis: Further downside now looks to the 100-day SMA at 96.94
|- The selling pressure around the greenback stays unabated so far this week and has forced DXY to challenge the critical support at 97.00 the figure, exposing further pullbacks.
- Next on the way down emerges the 100-day SMA at 96.94. This should hold the initial test ahead of April’s low at 96.75.
- Looking at the broader picture, the positive outlook on the buck remains intact while above the key 200-day SMA at 96.45 and the 8-month support line at 96.48.
DXY daily chart
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