- DXY accelerates gains to multi-week highs above 104.80.
- If it continues to go higher, it could revisit the 105.00 barrier.
He DXY It quickly puts Monday’s small dip behind it and resumes the uptrend towards the 104.80 zone, levels last seen in late March.
If the bulls push harder, the index should target the round 105.00 level ahead of the 2023 high at 105.88 (March 8).
As long as it holds above the key 200-day SMA today at 103.03, 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.
