- US Dollar Index Price Analysis: The 111.00 level is just around the corner
Market news
7 September 2022
US Dollar Index Price Analysis: The 111.00 level is just around the corner
- DXY keeps pushing higher and prints tops near 110.80.
- The continuation of the upside could see 111.00 revisited.
DXY advances for the third session in a row and approaches the 111.00 mark on Wednesday.
The short-term bullish view in the dollar remains well in place for the time being and propped up by the 7-month support line just below 106.00.
Still on the upside, the surpass of the recent top at 110.78 (September 7) could face the next barrier at the weekly highs at 111.90 (June 6 2002) and 113.35 (May 24 2002).
Looking at the long-term scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 101.20.
DXY daily chart
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