DXY Next target emerges at the 97.80
After bottoming out in the 96.60 area on Monday, DXY has embarked in a corrective upside to the current vicinity of 97.00. This area of resistance is also reinforced by the resistance line off the 2019 low just above the 95.00 marks.
If buyers manage to extend the current momentum, then the next key level to consider will be the 200-day SMA at 97.79.
In the meantime, as long as the 200-day SMA in the 97.80 zones continues to cap the upside, the bearish stance on the buck should stay unaltered.
If buyers manage to extend the current momentum, then the next key level to consider will be the 200-day SMA at 97.79.
In the meantime, as long as the 200-day SMA in the 97.80 zones continues to cap the upside, the bearish stance on the buck should stay unaltered.
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