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- US Dollar Index Price Analysis: Next on the upside comes 96.46
US Dollar Index Price Analysis: Next on the upside comes 96.46
- DXY adds to the recent upside beyond the 96.00 yardstick.
- The 2022 peak at 96.46 emerges as the next key target.
DXY pushes higher and clinches the third consecutive daily advance amidst intentions to stabilize at/above the 96.00 zone on Wednesday.
The intense upside in the dollar has recently surpassed the 4-month line, today near 95.40, allowing for the continuation of the rebound in the short-term horizon. That said, the door now remains open to a potential assault of the so far 2022 top at 96.46 (January 4).
Looking at the broader picture, the longer-term positive stance in the dollar remains unchanged above the 200-day SMA at 93.29.
DXY daily chart
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