16:45:18 04-12-2023
USD Index Price Analysis: Further gains likely above 103.57
- DXY resumes the upside and approaches 103.80.
- Extra upside looks likely once the 200-day SMA is cleared.
DXY regains the smile and advances to multi-day highs past 103.70 on Monday.
If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37.
In the meantime, above the key 200-day SMA, the outlook for the index is expected to shift to bullish.
DXY daily chart
