US Dollar Index Price Analysis: The 6-month resistance line at 93.40 caps the upside
- DXY fails to extend the rebound further north of the 93.00 mark.
- The key 6-month resistance line near 93.40 keeps capping gains.

DXY runs out of steam in the 93.10 region on Friday following a so far unsuccessful attempt to extend Thursday’s decent advance.
If the USD-bulls regain the upper hand, then the next interim hurdle emerges at the 55-day SMA near 93.30 ahead of the 6-month resistance line around 93.40. Further up is located last week’s highs near 93.80.
Furthermore, DXY risks extra weakness as long as it keeps the trade below the 200-day SMA at 96.73.
DXY daily chart
Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.


















