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  • U.S. Dollar Index to head higher towards 96.20 on a break above 94.50/75 - SocGen
Ekonomické zprávy
03.11.2021

U.S. Dollar Index to head higher towards 96.20 on a break above 94.50/75 - SocGen

FXStreet reports that economists at Société Générale expect the USD Dollar Index (DXY) to test the 96.20 level on a break above 94.50/75.

“Holding above the channel (now at 93.50), DXY could head towards weekly Ichimoku cloud and recent high at 94.50/94.75. If this is reclaimed, the uptrend is expected to extend towards next objectives of 95.30 and 96.20, the 50% retracement from 2020.”

“Only a break below 93.20/92.90 would denote a deeper down move.”

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