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- US Dollar Index Price Analysis: Next on the upside comes the YTD high
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01.03.2022
US Dollar Index Price Analysis: Next on the upside comes the YTD high
- DXY extends the weekly rebound beyond the 97.00 level.
- Further upside could revisit the 2022 high at 97.73.
DXY adds to Monday’s advance and reclaims the 97.00 barrier and above once again.
Bets for the continuation of the upside remain on the rise in the near term, with the immediate hurdle at the 2022 high at 97.73 (February 24) just ahead of the 97.80 level (June 30 2020 high).
The short-term constructive stance remains supported by the 5-month line, today near 95.60, while the outlook for the dollar is seen as positive above the 200-day SMA at 93.96 in the longer run.
DXY daily chart
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