US Dollar Index Price Analysis: Room for another test of 92.50

• DXY remains well under pressure around the 93.00 mark.
• Further south emerges the YTD lows in the mid-92.00s.

DXY is adding to last week’s bearish note and is challenging the key support around 93.00 at the time of writing.

Solid resistance is located in the 94.00 region so far and the inability of the index to surpass this area – ideally in the short-term – should open the door to the resumption of the bearish trend. That said, next on the downside emerges the so far 2020 lows in the mid-92.00s (August 6).

The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.78.

DXY daily chart

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