- DXY leaves the area of Thursday’s tops beyond the 94.00 mark.
- Focus now shifts to 94.20/30 in the very near-term.
DXY comes under some mild downside pressure after reaching fresh monthly tops above the key barrier at 94.00 the figure on Thursday.
Further upside now targets the 94.20/30 band, where coincide a Fibo retracement (of the 2017-2018 drop) and the 100-day SMA. The continuation of the uptrend could see the September’s high at 94.74 retested (September 25).
While below the 200-day SMA, today at 96.62, the negative view on the dollar is expected to persist.
DXY daily chart