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Next up is 102.40

by SuperiorInvest


  • DXY extends advance further north of 102.00.
  • Further growth should target the monthly high at 102.40.

DXY adding to the weekly recovery beyond Friday’s 102.00 level.

A more serious bullish attempt should break the monthly high at 102.40 (May 2) to ease downside pressure and allow for a potential move to the provisional 55-day and 100-day SMAs at 102.70 and 102.93.
On the other hand, there is currently a threatening dispute around 101:00.

Looking at the bigger picture, while below the 200-day SMA, today at 105.84, view as the index is expected to remain negative.

DXY daily chart

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