- The DXY continues its choppy behavior so far this week on Thursday.
- Immediately to the upside, the 2023 high emerges near 107.30.
He DXY It moderates Wednesday’s rise and is trading with decent losses in the low area of 106.00 so far this Thursday.
It seems that the index has entered a consolidation phase for the moment. Meanwhile, occasional bullish attempts continue to target the weekly high of 106.78 (Oct 12) ahead of the 2023 high of 107.34 (Oct 3).
For now, as long as it remains above the key 200-day SMA, today at 103.27, 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.
