US Dollar Index Price Analysis: Another Test Of 92.40 Not Ruled Out

Editor • Jun 29, 2021 at 10:03 AM EDT

DXY advances to multi-day highs just above 92.00. Recent tops around 92.40 emerge on the horizon.

DXY extends the positive mood beyond the 92.00 yardstick, recording at the same time new multi-session peaks.

Dollar, Money, Us-Dollar, Arrangement, Funds, Currency

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If the buying impulse gathers extra steam, then the next hurdle of note is located at recent tops near 92.50. This area of resistance is also reinforced by the Fibo level 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 (91.46).

DXY daily chart

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