From a technical point of view, on a daily chart, Dollar Index is trading within a bearish channel, capped by its declining 50-day moving average (in blue). The daily RSI stands within its selling area. Readers may therefore consider the potential for further weakness as long as 94.80 is not broken to the upside. The nearest support would be set at previous overlap at 91.00. A second one would be set at horizontal support at 89.20.
Source: TradingView, GAIN Capital