- DXY rebounds to 2-day highs near the 92.00 yardstick.
- The next target of note aligns at the YTD peaks around 92.50.
The downside momentum in the index met support in the 91.40/30 band in past sessions, sparking a leg higher to levels just shy of the 92.00 barrier.
If the recovery gathers extra steam, then DXY is expected to re-focus on the so far yearly tops in the mid-92.00s ahead of the critical 200-day SMA, today at 92.80.
A break above the latter should shift the outlook to constructive (from bearish) and allow for further gains.
DXY daily chart
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