- US Dollar Index Price Analysis: Next on the downside comes 101.10
Market news
30 May 2022
US Dollar Index Price Analysis: Next on the downside comes 101.10
- DXY remains under pressure well below 102.00.
- Immediately to the downside comes the 55-day SMA.
The index accelerates losses and clinches new multi-week lows in the 101.30 region on Monday.
DXY remains under pressure and extra losses should not be ruled out for the time being. That said, further decline is expected to target the temporary 55-day SMA, today at 101.10, ahead of the 3-month line around 100.60.
Looking at the longer run, the outlook for the dollar is seen constructive while above the 200-day SMA at 96.80.
DXY daily chart
Dollar Index Spot
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