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- US Dollar Index Price Analysis: Next on the upside appears 95.76
US Dollar Index Price Analysis: Next on the upside appears 95.76
- DXY extends the recovery further north of the 95.00 mark.
- The next hurdle is seen at the 55-day SMA near 95.80.
The continuation of the rebound in the greenback remains well and sound and propels DXY well past the 95.00 barrier on Tuesday.
If the index manages to surpass the 4-month line around 95.20 on a sustainable fashion, then the upside momentum carries the potential to revisit the 55-day SMA, today at 95.76 ahead of the 20-day SMA at 95.81.
Looking at the broader picture, the longer-term positive stance remains unchanged above the 200-day SMA at 93.15.
DXY daily chart
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