• DXY picks up further traction and surpasses the 103.00 mark.
• Further bounce could see the transitory 100-day SMA revisited.

DXY leaves behind Thursday’s lows in the sub-102.00 area and retakes the 103.00 mark on quite a convincing note.

The initial up-barrier comes at the temporary 55-day SMA near 103.40, while the continuation of the rebound is expected to meet another provisional resistance at the 100-day SMA at 104.37.

Looking at the broader picture, while below the 200-day SMA, today at 106.60, the outlook for the index is expected to remain negative.

DXY daily chart