USD INDEX PRICE ANALYSIS: DOWNSIDE PRESSURE ALLEVIATED ABOVE 103.50

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  • DXY comes under some selling pressure and tests 102.90.
  • Extra gains meet the next target near 103.50.

DXY attempts a decent recovery following Friday’s post-Payrolls sharp retracement to the 102.20 region.

While further consolidation appears likely in the very near term, the continuation of the uptrend in place since mid-June could challenge the weekly high at 103.54 (June 30) prior to the May high at 104.69 (May 31), which appears reinforced by the 200-day SMA.


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