- US Dollar Index Price Analysis: Another test of 2021 high looms closer
Market news
19 November 2021
US Dollar Index Price Analysis: Another test of 2021 high looms closer
- DXY reverses two straight daily pullbacks and flirts with 96.00.
- Next of note comes the YTD peak past 96.20.
DXY advances to 2-day highs above the key barrier at 96.00 the figure on Friday.
Further upside targets the so far 2021 high at 96.24 (November 17), while a breakout of this level is expected to shift the attention to the June 2020 low at 95.71 before 97.80 (high June 30 2020).
Looking at the broader picture, the constructive stance on the index is seen intact above the 200-day SMA at 92.26.
DXY daily chart
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