- The DXY suffers slight selling pressure on Monday.
- Immediately on the rise, the maximum of the year emerges.
The DXY It adds to Friday’s small losses and revisits the 105.20/15 area from earlier in the week.
The continuation of the multi-month rally looks strong and a break of the monthly high of 105.43 (September 14) should encourage DXY to retest the 2023 high of 105.88 (March 8), just before the round 106.00 level.
As long as it remains above the key 200-day SMA, today at 103.02, 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.
