Home US Dollar Index Price Analysis: Next stop turns up at 98.93

US Dollar Index Price Analysis: Next stop turns up at 98.93

Updated: 7 Feb. 2020 | 12:17

DXY pushes higher and prints new 2020 highs beyond 98.60.
Next on the upside aligns the August 1^st 2019 peak at 98.93.

The rally in the dollar stays everything but abated at the end of the week and is encouraging DXY to advance to the 98.60/65 band, reaching at the same time new 4-month tops.

If the upside impetus accelerates, then there are no significant hurdles until 98.93 (August 1^st 2019).

While above the 200-day SMA, the outlook on DXY should remain constructive.

DXY daily chart

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