The DXY broke below the 103 support level, as concerns increases regarding US recession. This is due to the current FOMC policy of aggressively increasing rates (to taper down inflation growth), which could lead to an overall economic slow down.
As recession worries continue, we could see the DXY continue to move lower and test the 102 and possibly 101 support level.
As recession worries continue, we could see the DXY continue to move lower and test the 102 and possibly 101 support level.