- The US dollar index (DXY) was down on the second day of the week, defying two-week lows.
- Lower may be on cards below the 99.30 level.
DXY daily chart
The US dollar index (DXY) is under pressure, defying the two-week lows and trading below 50 SMA on the daily chart.
Four-hour DXY graph
The weakness of the DXY continued until the second day of the week after having suffered its worst daily decline in 5 weeks Monday. The greenback may remain under pressure below the 100.00 mark, with the bear seeking further losses towards the 98.90 and 98.40 levels below. Resistances can be observed near the 99.60, 100.00 and 100.40 levels.