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- USD Index Price Analysis: Minor contention emerges at 105.65
USD Index Price Analysis: Minor contention emerges at 105.65
- DXY extends the bearish move to the 105.80 zone on Tuesday.
- Further losses could put a test of 105.65 back on the radar.
DXY remains under pressure and puts the 106.00 region to the test on Tuesday.
In case bears push harder, then index could then slip back to the 105.65 level (September 29). Further weakness from here could see the weekly low of 104.42 (September 11) revisited.
In the meantime, while above the key 200-day SMA, today at 103.17, the outlook for the index is expected to remain constructive.
DXY daily chart
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