US Dollar Index Price Analysis: Room for further upside
|- DXY adds to the weekly recovery and re-visits 92.80.
- Immediately to the upside comes in the 93.20 area.
DXY extends the positive momentum and advances to the 92.80 zone on Tuesday.
The continuation of the recovery could extend beyond the 93.00 mark in the short-term horizon, although a tough barrier is forecast to emerge around July/August peaks in the 93.15/20 band.
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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