- DXY attempts a mild rebound after bottoming out near 111.80.
- Further range bound remains on the cards for the time being.
DXY bounces off multi-session lows in the 111.80/75 band on Tuesday.
So far, the index looks poised to keep navigating within a 112.00-114.00 range at least until the next FOMC event.
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 8-month support line near 108.00.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 103.43.
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