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  • DXY manages to rebound from recent lows in the 93.00 zone.
  • Next on the upside emerges the 94.00 mark and above.

After bottoming out in the 93.00 neighbourhood, DXY regains some composure and flirts with the 55-day SMA near 93.30 so far on Tuesday.

The continuation of the corrective upside is expected to meet the next hurdle near 94.00, where is located the 6-moonth resistance line ahead of a Fibo level at 94.20. Further north comes in the September top in the 94.15/20 band.

While below the 200-day SMA, today at 96.90, the negative view on the dollar is expected to prevail.

DXY daily chart