USD Index Price Analysis: Extra decline could see the 101.30 zone retested

Market news

10 January 2023

USD Index Price Analysis: Extra decline could see the 101.30 zone retested

Price action around the index looks unconvincing on Tuesday
Persistent weakness should open the door to a drop to 101.30.

DXY trades in an inconclusive tone in the low-103.00s on Tuesday.

A drop below the so far January low at 102.94 (January 9) could prompt the May 2022 low around 101.30 (May 30) to re-emerge on the horizon ahead of the psychological 100.00 level.

In the meantime, while below the 200-day SMA at 106.35 the outlook for the index should remain tilted to the negative side.

DXY daily chart

Currencies. Daily history for Tuesday, January 10, 2023

Commodities. Daily history for Monday, January 9, 2023

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