USD Index: Rally to extend further toward key inflection point at 106.15/62 – Credit Suisse DollarIndex Banks
remains well supported and above the 55-Day Moving Average at 103.47. Analysts at Credit Suisse look for DXY rally to extend further to its 200-DMA and 38.2% retracement of its fall from October.“We continue to look for a deeper recovery to 105.63 and then the 38.2% retracement of the 2022/2023 fall and 200-DMA at 106.15/62. Our bias for now remains to look for this to cap to define the top of a broader range.
“Below the 55-DMA at 103.47 would suggest the recovery may already be coming to an end but with a break below 102.59 seen needed to clear the way for a retest of the 100.82 YTD low.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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