USD INDEX PRICE ANALYSIS: NEXT ON THE UPSIDE COMES 108.00
- DXY advances further and prints new highs above 107.00.
- Further up emerges the weekly high at 107.99.
DXY picks up extra pace and surpasses the 107.00 barrier for the first time since November 2022.
The continuation of the rally could prompt the index to now challenge the weekly peak at 107.99 (November 21 2022), closely followed by the round level of 108.00.
In the meantime, while above the key 200-day SMA, today at 103.12, the outlook for the index is expected to remain constructive
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