usd-100-bank-notes - USD
  • DXY pushes above 94.00 on Wednesday.
  • Resistance at 94.80 is next hurdle

Bullish momentum saw DXY reach  fresh multi-week highs above the 94.00 on Wednesday.

Further upside will target  94.80, the 6-month resistance line ahead of 100-day SMA (95.64) and a Fibo level at 96.03.

DXY’s bearish outlook remains whilst it trades under the 200-day SMA, (97.13 today).