Extra losses seen below 93.20
- DXY corrects lower from Friday’s 2021 peaks.
- Initial support comes in at the 93.20 region.
DXY accelerates losses and meets initial contention around former tops near 93.20.
A breach of this area could expose further weakness in the very near term, with the next relevant support expected to emerge in the mid-92.00s.
In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.31.
DXY daily chart
