DXY is showing some signs of technical softness – Scotiabank

The US Dollar Index (DXY) shows signs of technical softness, economists at Scotiabank report.

Resistance looks firmer now around 105.95/106.00

The DXY is showing some signs of technical softness after gains last week stalled just below the 40-DMA. 

DXY weakness below 105.30 on the day would be another negative for the index. 

Resistance looks firmer now around 105.95/106.00 but there is still the open gap around 106.50 on the chart left by the sharp drop in the index at the start of the month. That may still have to be filled at some point.