US Dollar Index Price Analysis: Next on the downside comes 95.15/10

• DXY accelerates losses to the sub-96.00 region on Wednesday.
• A deeper pullback could see the low-95.00s retested.

DXY drops to new 2-day lows in the sub-96.00 zone amidst persistent selling pressure in the dollar.

The current leg lower is seen as corrective only, although it could extend to the 95.15/10 band, where the monthly lows are located so far. In the meantime, as long as the 5-month line near 95.30 holds the downside, further upside should remain on the cards for the index.

In the longer run, the outlook for the dollar is seen as positive above the 200-day SMA at 93.68.