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- US Dollar Index Price Analysis: Extra gains remain on the table above 95.30
US Dollar Index Price Analysis: Extra gains remain on the table above 95.30
- DXY alternates gains with losses in the sub-96.00 area.
- The near-term positive bias looks intact above 95.30.
DXY trades within a narrow range in the 95.80 region at the end of the week.
The index navigates in the lower end of the weekly range south of the 96.00 mark, although further upside should not be ruled out as long as the 5-month line near 95.30 holds the downside. That said, the next up barrier comes at the weekly high at 96.43 (February).
In the longer run, the outlook for the dollar is seen as positive above the 200-day SMA at 93.73.
DXY daily chart
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