- The DXY continues to push and flirts with the 103.60 area.
- Breaking above the 200-day SMA opens the door for additional gains.
He DXY It advances for the third consecutive session and is around the 103.60 area at the end of the week.
If the key 200-day SMA around 103.60 is broken, the index is expected to face more sustained rises to initially the weekly high of 104.21 (Nov 22) before the temporary 100-day SMA at 104.34.
Meanwhile, above the key 200-day SMA, the DXY outlook is expected to change to bullish.
DXY Daily Chart
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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.
