US Dollar Index Price Analysis: Remains supported around 92.00
- The DXY keeps testing the 92.00 support on Monday.
- A breach of 92.00 should allow for extra losses.
The index navigates the lower bound of the recent range and remains well supported by the 92.00 neighbourhood so far.
A breach of this area is expected to open the door to extra losses to, initially, the 50-day SMA in the mid-91.00s.
Further south comes in the more relevant area around 91.30, where sit weekly lows recorded in mid-March.
Below the 200-day SMA (92.31) the outlook for DXY is expected to return to the bearish side.
DXY daily chart
DOLLAR INDEX SPOT
“””Source From fxstreet”””