US Dollar index lowest since December 5

The US Dollar index is trading down 0.2% at 93.11 with small losses against EUR and GBP driving the US Dollar value lower.

The US Dollar spot index is currently trading at the lowest level since December 5.

Technically the US Dollar spot index bounced off 23.6% Fibonacci retracement level of 94.05 and it is sliding lower. The technical oscillators like Momentum and the Relative Strength Index are pointing downward, but the Slow Stochastic oscillator is deeply stuck in the Oversold condition indicating short-term retracement higher.

US Dollar spot index daily chart