Home US Dollar Index Price Analysis: Further upside expected above 92.60

US Dollar Index Price Analysis: Further upside expected above 92.60

Updated: 24 Mar. 2021 | 13:23

DXY cliches fresh 2021 highs around 92.60 on Wednesday.
Extra gains remain on the cards on a surpass of 92.60.

The dollar picks up further traction and lifts DXY to new yearly peaks around 92.60, area coincident with the critical 200-day SMA.

A convincing break above the latter should allow for the continuation of the uptrend and a shift to a more constructive stance, at least in the near/medium-term.

Further north of this area there is a minor hurdle at the 93.00 yardstick ahead of the November 2020 highs in the 94.25/30 band.

DXY daily chart

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