- March 26, 2021
- Posted by: Analysis Team
- Category: Forex News
- DXY clinches fresh 2021 highs just below 93.00 on Thursday.
- Extra gains remain on the cards above the 200-day SMA.
The dollar alternates gains with losses at the end of the week, although DXY keeps the buying interest unchanged for the time being.
A break above YTD highs near 93.00 the figure should allow for the continuation of the rally in the very near-term. That said, there are no significant hurdles above 93.00 until the November 2020 highs in the 94.25/30 band.
If DXY manages to keep the trade above the 200-day SMA (92.56) on a sustainable basis, then the outlook should shift to constructive.
DXY DAILY CHART