USD INDEX PRICE ANALYSIS: NEXT ON THE UPSIDE COMES 102.40... dari anbiru

14 May 2023, 13:18 · Views 61

DXY extends the advance further north of 102.00.
Further upside should target the monthly high at 102.40.

DXY adds to the weekly recovery past the 102.00 mark on Friday.

A more serious bullish attempt should clear the monthly high at 102.40 (May 2) to mitigate the downside pressure and allow for a potential advance to the provisional 55- and 100-day SMAs at 102.70 and 102.93, respectively.
On the downside, there is a formidable contention around the 101.00 neighbourhood for the time being.

Looking at the broader picture, while below the 200-day SMA, today at 105.84, the outlook for the index is expected to remain negative

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