- The DXY is extending Thursday’s advance, albeit at a slower rate.
- The next target above 92.00 appears at this year’s highs around 92.50.
The index regains its bullish tone along with renewed USD strength and is trading at pre-FOMC levels near 92.00.
Meanwhile, additional gains remain on the charts for the DXY, with aspirations now pointing to this year’s highs around 92.50, ahead of the critical 200-day SMA today at 92.68.
A break above 92.68 should change the outlook to constructive (bearish) and allow further gains on the shorter horizon.
DXY day chart
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