US Dollar Index Technical Analysis: Extra gains expected above recent highs around 96.80
|- DXY is now trading within a sideline theme around the 21-day and 100-day SMAs in the 96.50/60 band.
- The greenback needs to overcome last week’s tops at 96.80 to allow for further upside to, initially, February high at 97.37.
- Looking at the broader picture, the constructive bias remains unchanged while above the key 200-day SMA at 95.87. This area of support is reinforced by March 20 low at 95.74.
DXY daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.