US Dollar Index Price Analysis: Attention now shifted to 102.26

  • DXY extends the rally to the 102.00 neighbourhood on Thursday.
  • The next target on the upside emerges at 102.26.

DXY is prolonging the upside momentum and is now navigating the area of fresh 3-year highs around the 102.00 neighbourhood.

The solid move in the index leaves the door open for a visit to March 2017 high at 102.26.

Above the 200-day SMA, today at 97.87, the positive outlook is expected to remain unaltered.

DXY monthly chart

 

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