- The DXY reverses the recent weakness and retakes 92.35 / 40.
- The next hurdle comes in the July peaks past 92.80.
The U.S. dollar index (DXY) regains traction to the upside and rises after two consecutive daily setbacks at the beginning of the week.
The correction appears to have found solid containment around 92.00 so far. The continuation of the rebound is expected to head to July highs around 92.85 (July 7 high) ahead of the 93.00 level.
Higher up are the 2021 highs near 93.50 recorded at the end of March.
Meanwhile, and looking at the broader picture, the positive outlook for the DXY is expected to remain unchanged as the DXY trades above the 200-day SMA today at 91.39.
DXY day chart
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