- 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).