us-dollar-100-bank-notes - USD
  • DXY meets strong resistance around 94.20/30.
  • Looks lower to  93.30.

DXY comes under pressure after testing resistance T 94.20/30, the convergence of a Fibo level and the 100-day SMA.

The extent of the move lower depends largely on the outcome of the US elections. The 55-day SMA at 93.32 should offer support before 6-month (now support) at 93.00.

While the USD trades below the 200-day SMA,  96.58, the negative outlook remains..