US Dollar Index Price Analysis: Looks bid and targets 92.00
|- DXY breaks above the consolidation theme and regains 91.00.
- There is an interim hurdle at the 92.00 neighbourhood.
DXY clinches new multi-week highs well past 91.00 the figure on Thursday.
Following the FOMC event, the dollar manages to regain extra steam and advances to new highs around 91.80. The continuation of the current momentum around the greenback looks likely, with the immediate target at the 92.00 yardstick
Further bullish attempts could re-visit the Fibo level at 92.46 ahead of the March 9 high at 92.50.
In the meantime, and looking at the broader scenario, a sustainable breakout of the 200-day SMA, today at 91.51, should shift the outlook for the buck to positive.
DXY daily chart
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