US Dollar Index Price Analysis: Recovery seen struggling below 91.00
|- DXY advances further north of the 90.00 hurdle on Friday.
- The next resistance of relevance comes in around 90.90.
DXY regains upside traction and extends the recent breakout of the key 90.00 yardstick at the end of the week.
The continuation of the recovery is likely in the short-term horizon and therefore the index is expected to meet the next resistance of significance at the weekly peak at 90.90 (May 13). The proximity of the 100-day SMA just above 91.00 reinforces this hurdle.
In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.69 the outlook for the buck is forecast to remain negative.
DXY daily chart
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