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- US Dollar Index Price Analysis: Further upside could see the 2021 high retested
US Dollar Index Price Analysis: Further upside could see the 2021 high retested
- DXY regains the upside and advances further north of 94.00.
- A break above 94.30 is expected to pave the way to YTD peaks.
The upside momentum in DXY now flirts with recent tops in the vicinity of 94.30 on Thursday.
If the 94.30 region is cleared in the near term, then another visit to the 2021 high at 94.56 (October 12) should start to emerge on the horizon. Above the latter, the September 2020 high at 94.74 should come next.
Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 92.03.
DXY daily chart
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