- March 24, 2021
- Posted by: Analysis Team
- Category: Forex News
- DXY cliches fresh 2021 highs around 92.60 on Wednesday.
- Extra gains remain on the cards on a surpass of 92.60.
The dollar picks up further traction and lifts DXY to new yearly peaks around 92.60, area coincident with the critical 200-day SMA.
A convincing break above the latter should allow for the continuation of the uptrend and a shift to a more constructive stance, at least in the near/medium-term.
Further north of this area there is a minor hurdle at the 93.00 yardstick ahead of the November 2020 highs in the 94.25/30 band.
DXY DAILY CHART