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- US Dollar Index Price Analysis: Extra gains now target 103.00
US Dollar Index Price Analysis: Extra gains now target 103.00
- DXY pushes higher and clocks new tops past 101.00
- The 2020 high near 103.00 emerges as the next target of note.
DXY navigates levels last seen more than two years ago in the vicinity of the 101.00 yardstick on Tuesday.
Price action around the index continues to suggest further upside in the near term. That said, if 101.02 is surpassed in the near term, then there are no resistance levels of significance until the 2020 peak at 102.99 recorded on March 2020.
The current bullish stance in the index remains supported by the 7-month line near 96.50, while the longer-term outlook for the dollar is seen constructive while above the 200-day SMA at 95.33.
DXY daily chart
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