- DXY breaks above the 92.00 level to record new multi-day highs.
- The next target lines up at yearly highs around 92.50.
The dollar regains the smile and motivates the DXY to completely reverse the small drop on Monday and retakes the key 92.00 level on Tuesday.
Meanwhile, additional gains remain on the charts, with the bulls’ aspirations now targeting yearly highs so far at 92.50 ahead of the critical 200-day SMA, today at 92.63.
A convincing breakout of the latter should change the outlook to constructive (from bearish) and allow further gains on the short-term horizon.
Daily chart
Technical levels
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