![](https://zamfx.com/wp-content/uploads/2023/04/USD-Index-Price-Analysis-Further-losses-exposes-a-drop-to-the-2023-low.jpg)
- DXY gathers further downside traction and drops to 101.20.
- Extra decline now targets the 2023 low near 100.80.
DXY loses ground for the third session in a row and slips back to the area of 2-month lows around 101.20 on Thursday.
The loss of the 101.00 support could accelerate losses to the 2023 low at 100.81(February 2) in the relatively short-term horizon.
Looking at the broader picture, while below the 200-day SMA, today at 106.39, the outlook for the index is expected to remain negative.