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Trading news
2 Apr 2020
US Dollar Index Price Analysis: Still targets the 100.00 mark
- DXY stays bid and keeps its march north to the 100.00 region.
- The outlook remains positive above the 200-day SMA above 98.00.
DXY is slowly extending the weekly recovery following last week’s deep retracement to the 98.30/25 band.
Bulls appear to have regained the upper hand so far this week and keep pushing higher, maintaining the interim target at the triple-digit barrier ahead of the Fibo retracement (of the 2017-2018 drop) at 100.49.
So far, the bullish view on the dollar remains unchanged as long as the 200-day SMA just above 98.00 holds the downside.
DXY daily chart
