USD Index Price Analysis: Outlook should shift to positive above 103.60
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Pablo Piovano
webinar date
01 Dec @ 02:14 (GMT+0)

USD Index Price Analysis: Outlook should shift to positive above 103.60

  • DXY keeps pushing harder and flirts with the 103.60 area.
  • The surpass of the 200-day SMA opens the door to extra gains.

DXY advances for the third session in a row and hovers around the 103.60 zone at the end of the week.

If the key 200-day SMA around 103.60 is cleared, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) prior to the temporary 100-day SMA at 104.34.

In the meantime, above the key 200-day SMA, the outlook for the index is expected to shift to bullish.

DXY daily chart

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