DXY leaves behind Thursday’s lows in the sub-102.00 area and retakes the 103.00 mark on quite a convincing note.
The initial up-barrier comes at the temporary 55-day SMA near 103.40, while the continuation of the rebound is expected to meet another provisional resistance at the 100-day SMA at 104.37.
Looking at the broader picture, while below the 200-day SMA, today at 106.60, the outlook for the index is expected to remain negative.
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