- DXY regains his smile and shifts his focus to the 93.00 barrier.
- The 55-day SMA near 93.30 offers provisional short-term resistance.
He DXY resumes higher after Friday’s pullback, although the 93.00 barrier looks like a tough nut to crack for USD bulls so far.
If the ongoing bullish attempt gathers momentum, then the next interim hurdle emerges at the 55-day SMA near 93.30 before the 6-month resistance line around 93.40. Higher up are last week’s highs near 93.80.
As long as it is below the 200-day SMA, today at 96.70, the negative view on the dollar is expected to persist.
Daily chart
Technical levels
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Credits: Forex Street
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