- The index extends the bounce within the second half of the week.
- The three-month resistance line close to 103.15 caps the upside.
DXY advances for the second consecutive session and challenges the important thing hurdle on the 102.00 mark on Friday.
Regardless of the rebound, the index stays effectively underneath stress and a sustainable breach of the 101.50 stage ought to speed up losses to, initially, the Could 2022 low round 101.30 (Could 30) previous to the psychological 100.00 yardstick.
On the upside, the 3-month resistance line round 103.15 continues to restrict occasional good points. Under this line, the greenback is anticipated to maintain the short-term bearish bias unchanged.
Within the longer run, whereas under the 200-day SMA at 106.47, the outlook for the index stays adverse.
DXY each day chart
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