- DXY builds on gains above 93.00
- Next target seen at 93.90
DXY pushes higher, flirting with the key 6-month resistance line around 93.30/40 in risk off trading after a more optimistic first half of the week
If the bulls pick up momentum the next hurdle of note is expected at the monthly high at 93.90 (October 15) ahead of resistance at the Fibo level at 94.20 and the 100-day SMA, at 94.34.
The bearish outlook on the US Dollar will remain whilst the DXY trades below 200-day SMA, today at 96.66.