US Dollar Index Price Analysis: A move to 93.00 looms closer
|- DXY extends the rebound and approaches the 93.00 level.
- Next hurdle now comes to the 93.18 level.
DXY adds to Friday’s gains and moves to new highs in the upper end of the range just pips below the 93.00 yardstick.
The upbeat momentum gathers extra steam on Monday and immediately targets the round level at 93.00. If the index manages to leave behind this area, then there is scope for a re-visit to the the pre-Jackson Hole peak at 93.18.
In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while bove the 200-day SMA, today at 91.37.
DXY daily chart
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