- 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..