FXStreet reports that economists at Société Générale expect the USD Dollar Index (DXY) to test the 96.20 level on a break above 94.50/75.
“Holding above the channel (now at 93.50), DXY could head towards weekly Ichimoku cloud and recent high at 94.50/94.75. If this is reclaimed, the uptrend is expected to extend towards next objectives of 95.30 and 96.20, the 50% retracement from 2020.”
“Only a break below 93.20/92.90 would denote a deeper down move.”