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.

Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.


















