DXY Breaks Key Levels as Sellers Dominate Dollar

The US Dollar Index (DXY) continues to struggle under intense selling pressure after breaking below its key moving average and ascending trendline. This decisive move has shifted short-term momentum from bullish to bearish, with sellers dominating price action.

The index lost the 61.8% Fibonacci retracement level around 101.02 before declining sharply toward the 99.67 area, further emphasizing the accelerating liquidation and lack of a meaningful bullish reversal at this stage.

While the Stochastic oscillator is hovering near oversold territory, increasing the likelihood of a short-term corrective rebound in the coming sessions, any recovery would remain limited as long as the index trades below the 100.20-100.50 resistance zone.