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- USD Index Price Analysis: Attention now shifts to 104.70
USD Index Price Analysis: Attention now shifts to 104.70
- DXY finally surpasses 104.00 and prints new two-month tops.
- Immediately to the upside emerges the 104.70 zone.
DXY picks up pace and advances to fresh tops around 104.30 at the end of the week.
A clear breakout of the 104.00 region could pave the way for a potential visit to the May top of 104.69 (May 31) prior to the 2023 peak of 105.88 (March 8) in the relatively short-term horizon.
While above the key 200-day SMA, today at 103.12, the outlook for the index is expected to shift to a more constructive one.
DXY daily chart
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