VOT Research Desk
On Tuesday, DXY seeks to reverse the initial decline and go farther north of the 106.00 level.
If the recovery gets more significant, the US Dollar may try to retest the weekly high of 107.99 (November 21), which is just above the temporary 100-day Simple Moving Average (SMA), which is currently at 109.12.
While above the 200-day simple moving average, the index’s outlook should continue positive.
|
Daily SMA20 |
106.84 |
|
Daily SMA50 |
109.78 |
|
Daily SMA100 |
109.24 |
|
Daily SMA200 |
105.89 |
