USD Index Value Evaluation: Additional weak point not dominated out close to time period

• The index meets some competition close to 101.80 on Monday.
• Additional decline may nonetheless revisit the 101.30 zone within the quick time period.

The index wobbles across the 102.00 zone after bottoming out close to 101.80, or multi-month lows, earlier within the session.

In case bears regain the higher hand, the lack of the January low at 101.77 (January 16) ought to put a possible deeper drop to the Could 2022 low at 101.29 (Could 30) again on the traders’ radar forward of the psychological 100.00 yardstick.

Within the meantime, whereas under the 200-day SMA at 106.40 the outlook for the index ought to stay tilted to the unfavourable facet.

DXY every day chart