- The DXY adds to Monday’s advance and exceeds 103.80.
- Further gains above the 200-day SMA are expected.
He US Dollar Index (DXY) extends the bullish bias so far this week and flirts with multi-session highs in the 103.80/85 area on Tuesday.
If the key 200-day SMA (103.57) is broken sustainably, the DXY is expected to face more sustained gains to initially the weekly high of 104.21 (Nov 22) before the transitory 100-day SMA at 104.41.
Meanwhile, above the key 200-day SMA, the DXY outlook is expected to change to bullish.
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.
