7 Oct 2021
US Dollar Index Price Analysis: Uptrend remains healthy
- DXY charts an inconclusive session above 94.00 on Thursday.
- Further north comes another visit to the 2021 highs.
DXY looks to add to the ongoing recovery and manages well to keep business above the 94.00 barrier on Thursday.
If the buying pressure gathers extra impulse, then the index could well see the recent YTD highs around 94.50 retested in the short-term horizon. Further north should come the round level at 95.00, also in the not-so-distant future.
Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.65.
DXY daily chart
