- The index reverses two consecutive day by day pullbacks on Tuesday.
- Further rebound might see the month-to-month excessive close to 104.70 revisited.
DXY picks up tempo and advances to 2-day highs previous the 104.00 hurdle on turnaround Tuesday.
The ongoing worth motion favours some consolidation within the higher finish of the vary. Immediately to the upside now comes the February prime at 104.66 (February 17), whereas the surpass of this stage exposes a possible transfer to the 2023 excessive at 105.63 (January 6) within the not-so-distant future.
In the longer run, whereas under the 200-day SMA at 106.44, the outlook for the index stays damaging.
DXY day by day chart
