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- USD Index Price Analysis: Immediate target comes at the 200-day SMA
USD Index Price Analysis: Immediate target comes at the 200-day SMA
- DXY adds to the ongoing rebound and reclaims 103.00.
- Further up comes the 200-day SMA near 103.60.
DXY advances further and manages to reclaim the area beyond the key barrier at 103.00 on Thursday.
In case the rebound gathers a more serious traction, the index is then expected to shift its focus to the key 200-day SMA, today at 103.59, prior to the provisional 100-day SMA at 104.30, which appears underpinned by the weekly top of 104.21 (November 22).
In the meantime, while below the key 200-day SMA, the outlook for the index is expected to remain bearish.
DXY daily chart
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