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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