- The DXY index hits 2021 highs near 93.50 on Wednesday.
- A corrective pullback could extend to the 200-day SMA.
The DXY index is under some selling pressure after hitting new yearly highs in the 93.40 / 50 region on Wednesday.
While a continuation of the uptrend looks likely on the near-term horizon, the proximity of overbought territory could trigger some corrective moves that should be well supported around the 200-day SMA near the 92.50 region.
If the DXY index manages to stay above this last level in a sustainable way, then the outlook should change to constructive, at least in the short term.
US Dollar Index DXY Technical Levels
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