- USD Index Price Analysis: Next on the downside comes 100.80
Market news
21 April 2023
USD Index Price Analysis: Next on the downside comes 100.80
- DXY keeps the side-lined trading well in place on Friday.
- The breakdown of this theme exposes a drop to the YTD low.
DXY trades without clear direction below the 102.00 region at the end of the week.
The index maintains the choppy activity well in place so far this week. Occasional bouts of weakness could spark a potential decline to the 2023 lows in the 100.80/75 band (April 14) ahead of the psychological support at the 100.00 mark.
Looking at the broader picture, while below the 200-day SMA, today at 106.21, the outlook for the index is expected to remain negative.
DXY daily chart
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