US dollar Index, the DXY rebound to extend?
The US Dollar index, the DXY, closed higher overnight at 103.04 (+0.46%) following stronger-than-expected US jobs and retail sales data.
Provided the DXY remains above trendline support and recent lows 102.25/15ish, which it tested and rebounded from overnight, there is scope for further gains towards the 200-day MA near 104.00.
Provided the DXY remains above trendline support and recent lows 102.25/15ish, which it tested and rebounded from overnight, there is scope for further gains towards the 200-day MA near 104.00.
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