US dollar Index, the DXY rebound to extend?
The US Dollar index, the DXY, closed higher overnight at 103.04 (+0.46%) following stronger-than-expected US jobs and retail sales data.
Provided the DXY remains above trendline support and recent lows 102.25/15ish, which it tested and rebounded from overnight, there is scope for further gains towards the 200-day MA near 104.00.
Provided the DXY remains above trendline support and recent lows 102.25/15ish, which it tested and rebounded from overnight, there is scope for further gains towards the 200-day MA near 104.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.