- DXY’s selloff gathers pace as it approaches 92.00.
- The 2020 low near 91.70 is the next key support.
DXY extends losses already trading at 2-month low around 92.30amid rising risk appetite in financial markets.
The USD could not only sell off further but could visit2020 lows aroound91.75/70 from Sept. A Joe Biden win in the US elections could give more support to the bears longer term.
Whilst DXY trades below the 200-day SMA, at 96.51, the negative outlook remains.