US Dollar Index Price Analysis: The downside already tested the 91.50 area

• DXY briefly visited the 200-day SMA on Wednesday.
• There is still room for a deeper move to 91.50 and below.

DXY keeps the choppy trade well and sound so far this week, with initial contention in the mid-91.00s, where sits the 200-day SMA.

If the selling impulse picks up further pace, then another visit to the critical 200-day SMA, today at 91.48, should not be ruled out.

In the meantime, and looking at the broader scenario, a sustainable breakout of the 200-day SMA should shift the outlook for the buck to positive.

DXY daily chart