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The recommended power steering fluid for your 2006 Chevy Colorado is GM Power Steering Fluid, with the part number 89021184. This fluid serves to maintain the cleanliness and lubrication of your power steering system, enabling smooth steering for you as the driver. It's advisable to regularly check your fluid reservoir level to ensure it doesn't drop below the MIN mark. If it does, simply top it up by unscrewing the cap and adding fluid until it reaches below the MAX line on the reservoir.
The owner's manual for the 2006 Chevy Colorado recommends using Dexron VI ATF for the power steering parts.
In my 2006 manual, it states that power steering fluid is required, and in the next section, it specifies the use of Dextron VI transmission fluid. However, in my 2015 Traverse manual, it indicates that Dextron VI should be used for both power steering and transmission fluids.