DXY → Further recovery targets the 107.10 area

DXY extends the rebound from Monday’s lows in the sub-105.00 zone and revisits the 105.70 region on Tuesday.

In case the buying interest gathers extra pace, the index could revisit the so far November high at 107.11 (November 1) ahead of the 2023 peak of 107.34 (October 3).

So far, while above the key 200-day SMA, today at 103.53, the outlook for the index is expected to remain constructive.