- DXY’s weekly upside remains limited by the 93.00 neighbourhood.
- Minor hurdles emerge at the 55-day and 100-day SMAs.
DXY extends the side-lined theme for another session, although remains still unable to re-test/surpass the key barrier at the 93.00 yardstick.
That said, there is now scope for further rangebound in the very near-term at least, with the initial resistance at the 93.00 mark ahead of minor hurdles at the 55-day SMA (93.29) and the 100-day SMA (93.95). On the downside, recent lows in the 92.15/10 band should initially hold occasional bearish moves.
As long as DXY trades below the 200-day SMA, today at 96.43, the negative view is forecast to persist.
DXY daily chart
Share
