US DOLLAR INDEX PRICE ANALYSIS: A MOVE TO 93.00 IS IN THE OFFING

  • DXY keeps the constructive note despite the ongoing knee-jerk.
  • Further recovery now targets the round level at 93.00 the figure.

DXY eases some ground after hitting fresh 3-month peaks in the 92.80/85 band on Wednesday.

If the dollar manages to gather further upside impulse, then the index is expected to meet an interim barrier at 93.00 ahead of the so far 2021 highs near 93.50 recorded in late March.

In the meantime, and looking at the broader scenario, the outlook for the dollar is seen constructive while above the 200-day SMA, today at 91.40.

DXY DAILY CHART



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