The DXY regains its composure and adds to Monday’s bounce.
Once above 106.00, the DXY should focus its attention on 107.10.
The US Dollar Index (DXY) extends the bounce from Monday’s lows in the area below 105.00 and revisits the 105.70 area on Tuesday.
Should buying interest accelerate, the index could revisit the November high at 107.11 (Nov. 1) before the 2023 high at 107.34 (Oct. 3).
For now, as long as it remains above the key 200-day SMA, today at 103.53, the outlook for the DXY is expected to remain constructive.
DXY Daily Chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
