DXY accelerates the march north and clinches new yearly highs just above 92.00 the figure on Friday.
The continuation of the uptrend looks likely in the near-term. That said, there is a minor hurdle at 92.46, where sits a Fibo level of the 2020-2021 drop. Further up comes in the always relevant 200-day SMA at 92.93.
A break above the 200-day SMA (92.93) should shift the outlook to a more constructive one and allow for extra gains to, initially, the November 2020 highs near 94.30 (November 2).
The continuation of the uptrend looks likely in the near-term. That said, there is a minor hurdle at 92.46, where sits a Fibo level of the 2020-2021 drop. Further up comes in the always relevant 200-day SMA at 92.93.
A break above the 200-day SMA (92.93) should shift the outlook to a more constructive one and allow for extra gains to, initially, the November 2020 highs near 94.30 (November 2).