US Dollar Index Price Analysis: Rally faces interim hurdle around 94.80
|- DXY looks to consolidate above the 94.00 yardstick on Thursday.
- Next on the upside emerges the resistance line near 94.80.
The positive note in the dollar stays unabated on Thursday and pushes DXY to fresh 2-month peaks above 94.50 on Thursday.
The continuation of this trend is expected to target the 6-month resistance line in the 94.80 region ahead of other minor hurdles at the 100-day SMA (95.59) and a Fibo level at 96.03.
The bearish view on DXY is seen unchanged while below the 200-day SMA, today at 97.12.
DXY daily chart
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