US Dollar Index Price Analysis: Interim hurdle lines up near 90.50
|- DXY keeps the recovery well and sound above 90.00.
- Recent tops near 90.50 emerge as an interim hurdle.
DXY manages to extend the recent breakout of the key 90.00 barrier on Wednesday.
The continuation of the recovery is expected to meet an interim barrier at last week’s peaks in the 90.40/45 band (May 28) ahead of the 91.00 neighbourhood, where the upside in the index is forecast to struggle.
In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.64 the outlook for the buck is forecast to remain negative.
DXY daily chart
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