USD Index Price Analysis: Further gains target the 102.60 zone
|- DXY adds to the weekly rebound and trespasses 101.00.
- Immediately to the upside emerges the 102.60 region.
DXY picks up further impulse and records weekly peaks north of the key 101.00 barrier at the end of the week.
A more serious bullish attempt in the index should clear the 102.60 zone, where the provisional 55-day and 100-day SMAs coincide. North from here aligns the July high in the mid-103.00s seconded by the key 200-day SMA at 104.06.
Looking at the broader picture, while below the 200-day SMA, the outlook for the index is expected to remain negative.
DXY daily chart
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