US DOLLAR INDEX PRICE ANALYSIS: A MOVE TO 90.00 LOOMS CLOSER

  • DXY drops to new lows near 90.40, rebounds afterwards.
  • The negative stance remains unchanged around the dollar.

DXY clinches fresh 2-month lows in the 90.45/40 band earlier on Thursday.

The likelihood of a deeper pullback remains well in place for the index, with the immediate target at the psychological 90.00 support ahead of the February lows in the 89.70/65 band.

Below the 200-day SMA (91.99) the outlook for DXY is expected to remain on the negative side.

DXY DAILY CHART



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