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Dollar index (USD) slides to a daily close below key support level

Yesterday morning it was noted here; that the dollar and the dollar index was in the dog house and facing further downside pressure. Well, as you can see now, there was no rebound for the US currency and it fell back further throughout the session. The USD index (USDX) dropped to a fresh interim low by the close last night. It has fallen back further from there this morning, reaching a low so far today at 103.18. It is above that low now, but not convincing so by any means. The close below its 200 day moving average last night was not a positive development. That is in place this morning at 103.62, and the index has not come close to retesting that level yet today. It is also now below a prior support level of a lesser degree, at 103.46 and that has also capped the topside today. The high seen so far has been set at 103.45. The next support level of any note is in place at 102.55. 
 

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