- Analytics
- News and Tools
- Market News
- USD Index Price Analysis: Extra gains could challenge the 2022 peak
USD Index Price Analysis: Extra gains could challenge the 2022 peak
- DXY meets some decent hurdle around the 113.60 area.
- Further north emerges the YTD high near 114.80.
DXY’s multi-session strong advance has faltered around the 113.60 region on Wednesday.
If bulls push harder and the index surpasses 114.00, then the next target of note should turn up at the 2022 high at 114.78 (September 28) prior to the round level at 115.00.
The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 7-month support line near 107.80.
In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 103.10.
DXY daily chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
