15:02:10 15-08-2022
US Dollar Index Price Analysis: Another visit to the August peak looks likely
- DXY adds to Friday’s gains and reclaims 106.00 and beyond.
- Further upside could extend to the 107.00 region in the near term.
DXY keeps the recovery mode well in place beyond the 106.00 mark at the beginning of the week.
The continuation of the upside momentum could extend to the August high near the 107.00 yardstick (August 5). Further north, the index could attempt to challenge the weekly high at 107.42 (July 27).
Looking at the broader scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 100.10.
DXY daily chart
