US Dollar Index Price Analysis: Increasing bets for a test of 2021 highs
|- DXY looks to consolidate the recent breakout of 93.00.
- The YTD highs in the 93.50 region emerge as the next target.
DXY alternates gains with losses and already flirts with July/August peaks near the 93.20 level.
The continuation of the recovery is now expected to focus on the 2021 highs near 93.50 recorded in late March.
In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.30.
DXY daily chart
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