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US Dollar Index Price Analysis: Recovery targets the 91.00 hurdle

  • DXY adds to Thursday’s gains and approaches 91.00.
  • The next resistance comes in at the 100-day SMA.

DXY gathers further upside traction and already approaches the key resistance at the 91.00 yardstick.

If the upside impulse gathers extra steam, then the next target will be at the minor hurdle at the 91.00 mark ahead of the 100-day SMA, today at 91.03.

Below the 200-day SMA (91.98) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

 

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