US Dollar Index Price Analysis: Looks corrective downside near term

• DXY eases further ground after recent monthly peaks.
• Initial support comes at the 93.00 mark.

DXY gives away further gains after climbing to new monthly highs near 93.50 at the beginning of the week.

The continuation of the downtrend is seen facing initial support at the 93.00 round level ahead of a potential move to the 55-day SMA, today at 92.66.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while bove the 200-day SMA, today at 91.43.

DXY daily chart