US Dollar Index Price Analysis: Recovery Targets The 91.40/45 Band

DXY regains extra steam and finally breaks above the 91.00 barrier on Wednesday, recording at the same time new 3-day highs.

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Further upside looks likely in the very near-term with the next interim resistance at the 91.40/45 band ahead of the 50-day SMA, today at 91.67.

Below the 200-day SMA (92.02) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

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DOLLAR INDEX SPOT

 

Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

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