US Dollar Index Technical Analysis: Testing support at the 200-hour SMA below 99.00
|- DXY is extending its correction lower from YTD peaks near 99.70 and is currently putting the key support at 99.00 the figure to the test.
- Further downside is forecasted to meet the key support at the 55-day SMA at 98.23. This area is expected to hold the initial test.
- Above the 55-day SMA, the constructive bias on the buck should remain unchanged.
DXY daily chart
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