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- US Dollar Index Price Analysis: Beyond 101.00 comes the 2020 high near 103.00
US Dollar Index Price Analysis: Beyond 101.00 comes the 2020 high near 103.00
- DXY adds to the optimism seen in the second half of the week.
- Further north of the YTD peak at 101.06 comes 103.00.
DXY pushes higher and clinches fresh 2022 highs in the 101.05/10 band on Friday.
The sharp rebound from the 99.80 region (April 21) carries the potential to extend further. Against that, the breakout of the so far 2022 high at 101.06 (April 22) on a convincing fashion could motivate the index to attempt a visit to the 2020 high at 102.99 (March 20).
The current bullish stance in the index remains supported by the 7-month line near 96.60, while the longer-term outlook for the dollar is seen constructive while above the 200-day SMA at 95.45.
DXY daily chart
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