• The DXY looks consolidative in the lower end of the range.
  • Immediately to the downside comes in the 92.00 neighbourhood.

The index extends the weekly leg lower, although it so far manages to keep business above the 92.00 yardstick.

A breach of the latter should open the door to extra losses with the initial interim target at the 50-day SMA, today at 91.50.

Further south comes in the more relevant area around 91.30, where sit weekly lows recorded in mid-March.

Below the 200-day SMA at 92.36 the outlook for DXY is expected to return to the bearish side.

DXY daily chart