- The index managed to reverse yesterday’s small drop and is now looking to advance to the 96.30/40 band.
- If the buying impetus remains unchanged, DXY is likely to test the critical resistance area around 96.60, where converge the 200-day SMA and the multi-month resistance line.
- Above this key area, the outlook on the greenback stays constructive and should target the 98.00 region.
DXY daily chart