The index has come under further downside pressure after being rejected once again from the 93.60/70 band on Thursday.
Further decline thus remains likely with the next target at the weekly lows at 92.70. A move further south of this level should put the 2020 low near 91.70 back on the investors’ radar.
The negative outlook in DXY is seen unchanged while below the 200-day SMA, today at 97.18.