The DXY traded slightly lower overnight, with the price breaking below the support level of 103.45.
This move lower was likely due to the continual uncertainty in the banking sector.
Currently consolidating along the 103.33 price level, the DXY is likely to rebound briefly to retest the 103.45 support turned resistance level before trading lower again.
If the DXY continues trading lower, the next key support level is at 102.63, which was last tested in the mid of February 2023.
This move lower was likely due to the continual uncertainty in the banking sector.
Currently consolidating along the 103.33 price level, the DXY is likely to rebound briefly to retest the 103.45 support turned resistance level before trading lower again.
If the DXY continues trading lower, the next key support level is at 102.63, which was last tested in the mid of February 2023.
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