- June 30, 2021
- Posted by: Analysis Team
- Category: Forex News
- DXY extends the upside momentum beyond 92.00.
- Bets on a move to 92.40 remain on the rise.
DXY extends the positive mood beyond the 92.00 yardstick, recording at the same time new multi-session peaks.
If the buying impulse gathers extra steam, then the next hurdle of note is located at recent tops around 92.40 (June 18). This area of resistance is also reinforced by the Fibo level (of the November-January rally) at 92.46.
In the meantime, and looking at the broader scenario, the outlook for the dollar is seen constructive while above the 200-day SMA (91.45).
DXY DAILY CHART