- The DXY faces some selling pressure always below 92.00.
- The next significant target is at the peaks of this year 92.50.
The recovery of the US Dollar Index (DXY) hit a stiff barrier at the 92.00 zone so far this week.
If the recovery picks up steam, the DXY is expected to refocus on the yearly highs so far in the 92.50 area before the critical 200-day SMA, today at 92.75.
A break above the latter should change the outlook to constructive (bearish) and allow more raises.
DXY day chart
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