USD Index Price Analysis: Extra weakness could revisit the 2023 low

• DXY remains offered and drops to new lows near 101.80.
• Further losses could revisit the YTD low near 100.80 seen in February.

DXY comes under pressure and struggles to regain some upside traction around the 102.00 region on Tuesday.

Against that, the persistence of the bearish mood could force the index to breach the so far April low at 101.79 (April 4). Once the latter is cleared, DXY could then head towards the 2023 low around 100.80 (February 2).

Looking at the broader picture, while below the 200-day SMA, today at 106.53, the outlook for the index is expected to remain negative.

DXY daily chart