- DXY joins Friday’s gains and is approaching the 91.00 level.
- The 2020-2021 resistance line offers resistance around 90.80.
The DXY charges an additional rate and trades near 91.00 at the beginning of the week.
The 91.00 area emerges as the immediate target of importance. This is where the weekly highs (December 21), the high so far in 2021 (January 18) and the resistance line of 2021 coincide. Above this region, the selling pressure is expected to ease somewhat.
The ongoing bounce is considered corrective and long-term only, as long as DXY trades below the 200-day SMA, today at 93.99 the negative view is expected to persist.
Daily chart
Technical levels
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