- The DXY is looking to regain traction to the upside near 92.00.
- The 200-day simple average near 91.50 emerges as a key support.
The U.S. dollar index (DXY) tries to break above a consolidation range and flirts with the key barrier at the 92.00 zone.
If the bullish tone accumulates more momentum, then the next significant hurdle is at last week’s monthly peaks near 92.50. This resistance area is also reinforced by the Fibonacci level at 92.46.
Meanwhile, looking at the bigger picture, a sustainable breakout of the 200-day SMA (91.47) should turn the DXY outlook positive.
DXY day chart
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