US Dollar Index Price Analysis: A test of the 200-day SMA is not ruled out

• DXY gathers further downside traction below the 100.00 mark.
• Further south emerges recent lows in the 99.15/10 band.

DXY is extending the weekly leg lower after recently breaking below the 100.00 mark.

If the selling bias accelerates, then the area of recent lows in the 99/15/10 band should come into focus in the short-term.

A deeper pullback could also contemplate a visit to May’s low at 98.57 ahead of the key 200-day SMA, today at 98.46.

DXY daily chart