• USD Index Price Analysis: Next on the upside comes 102.60

Noticias del mercado

20 julio 2023

USD Index Price Analysis: Next on the upside comes 102.60

  • DXY reverses the initial pessimism and challenges weekly highs.
  • If bulls push higher the index could revisit the 102.60 region.

DXY extends the weekly recovery to the area of recent peaks around 100.50 on Thursday.

A more serious bullish attempt in the index should clear the 102.60 zone, where the provisional 55-day and 100-day SMAs coincide.

Looking at the broader picture, while below the 200-day SMA at 104.12, the outlook for the index is expected to remain negative.

DXY daily chart

 

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