• DXY advances closing in on 91.00.
  • Near term resistance at the 55-day SMA at 91.15.

DXY extends gains trading just shy of the 91.00 barrier, a fresh 2021 high.

Further upside could see 91.00 the weekly high tested in the near-term. Beyond there the 55-day SMA, today at 91.15 comes into focus.

The rebound is considered a corrective move. Longer term the DXY trades below the 200-day SMA, today at 94.46, so the longer term outlook remains negative.