- DXY remains bullish above 101.00.
- The next bullish barrier to watch is around the 102.60 area.
He DXY is advancing for the fifth straight session to date and looking to consolidate the recent break of the key 101.00 hurdle.
A more serious bullish attempt on the DXY should break above the 102.60 zone, where the 55-day and 100-day SMA interims meet. To the north, the July high appears at 103.50, seconded by the key 200-day SMA at 104.00.
Overall, as long as it stays below the 200-day SMA, the outlook for the index will remain negative.
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.
