- DXY continues to consolidate the breakout of the 100.00 bar.
- Exceeding 100.56 should put 101.00 back on the radar.
DXY continues to navigate in the upper part of the monthly range above the 100.00 bar and approaches the difficult barrier in the 100.50 zone, where the May peaks and a Fibo retracement converge (from decrease from 2017-2018).
A clear escape from this key obstacle should pave the way for another visit to the April Summits in neighborhood 101.00.
Overall, the 200-day SMA – today at 98.43 – continues to support the positive outlook for the dollar for the time being.