- DXY reverses Wednesday’s pullback and tests 92.80.
- Next on the upside aligns 92.88 ahead of 93.18.
DXY leaves behind Wednesday’s negative price action and flirts with the 92.80 level on Thursday.
The index therefore looks to break the consolidative range with the immediate obstacle at the weekly high at 92.88 ahead of the round level at 93.00 the figure. Further north from this level comes the pre-Jackson Hole peak at 93.18.
In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while bove the 200-day SMA, today at 91.40.
DXY daily chart
This article was originally published by Fxstreet.com. Read the original article here.