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- USD Index Price Analysis: The hunt for the 200-day SMA
USD Index Price Analysis: The hunt for the 200-day SMA
- The index extends the weekly optimism beyond 105.00.
- Immediately to the upside comes the 200-day SMA.
DXY adds to Thursday’s rebound and surpasses the key barrier at 105.00 the figure at the end of the week.
The dollar trades in multi-week highs north of the 105.00 barrier and the current upside momentum allows for the continuation of the upside bias for the time being. Against that, the next target of note comes at the key 200-day SMA, today at 106.32.
While below the latter, the outlook for the index should remain tilted to the negative side.
DXY daily chart
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