Home US Dollar Index Price Analysis: The 2019 high at 99.67 emerges on the horizon

US Dollar Index Price Analysis: The 2019 high at 99.67 emerges on the horizon

Published date: 13 Feb. 2020 | 12:18

The rally in DXY reached the 99.00 mark and beyond, new YTD highs.
Next on the upside comes 99.37 ahead of 2020 tops near 99.70.

Despite Thursday’s lack of direction, DXY looks firm near YTD highs in the 99.00 neighbourhood.

Immediately to the upside emerges 99.37 (high September 3^rd 2019 ahead of 2019 high at 99.67 recorded on October 1st.

Looking at the broader picture, as long as the critical 200-day SMA, today at 97.75, caps the upside, the near-term bullish stance in the dollar is expected to persist.

DXY daily chart

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.