- The index comes under further selling pressure on Tuesday and is now challenging the critical support at 94.00 the figure.
- The greenback appears sidelined, however, in the lower end of the recent range, while extra selling pressure could drag it to re-test recent lows in the 93.80 region, as well as the short-term support line.
- The greenback should ideally recover the 95.00 area – where coincide the 55-day SMA and September 14 high – to allow a test of 95.71 ahead of the 96.00 handle.
DXY daily chart
Daily high: 94.37
Daily low: 94.01