DXY
reverses two consecutive daily advances and resumes the downward bias on Friday. In case bears regain control, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30).
In the meantime, while above the key 200-day SMA, the outlook for the index is expected to remain constructive.