Back

US Dollar Index Price Analysis: Next target emerges at 93.19

  • DXY extends the gains to the 93.00 region on Friday.
  • Next on the upside comes in the YTD highs in the mid-93.00s.

DXY resumes the upside and adds to Thursday’s gains, managing to regain the 93.00 region oat the end of the week.

In light of the recent price action, further gains remain well on the cards with the immediate target now emerging at the 2021 peaks in the 93.50 zone (March 31).

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.35.

DXY daily chart

 

Brazil Mid-month Inflation came in at 0.72%, above forecasts (0.65%) in July

Brazil Mid-month Inflation came in at 0.72%, above forecasts (0.65%) in July
Baca selengkapnya Previous

Silver Price Analysis: XAG/USD struggles near $25.00 mark, bearish bias remains

Silver witnessed some fresh selling on the last day of the week and for now, seems to have snapped two consecutive days of the winning streak. The whi
Baca selengkapnya Next