- DXY pushes higher to 94.30 on Monday ,before losing momentum
- Next target to the upside at 94.70/75
DXY tests the 100-day SMA at 94.30 on Monday, before running out of steam soon afterwards.
Further upside brings September’s high of 94.74 into focus, although immediate consolidation is expected as investors grow increasingly cautious prior to the US elections on November 3.
While DXY trades below the 200-day SMA at96.60, the outlook is negative.