- DXY hovers around the 8 month support line at 92.00.
- Immediate support seen at YTD low at 91.74.
DXY struggles to gain any traction and remains under pressure 92.00 for yet another session on Friday.
The outlook is bearish with a deeper decline possible short-term.. The 2020 low at 91.74 (September 1) in the next target ahead of the April 2018 low of 89.20.
On the flip side at the weekly high of 93.20 (November 11) offers resistance.
Whilst DXY trades under 200-day SMA, at 96.02, the bearish outlook stands.