- US Dollar Index (DXY) pushes higher and posts new highs beyond 101.00
- The 2020 high near 103.00 emerges as the next target to watch.
The US Dollar Index (DXY) trades at levels last seen over two years ago near the 101.00 level on Tuesday.
The price action around the index continues to suggest further upside in the near term. That said, if 101.02 is broken in the short term, there will be no significant resistance levels until the 2020 high of 102.99 recorded in March 2020.
The current bullish stance on the index remains supported by the 7-month line near 96.50, while the long-term outlook for the dollar is seen as constructive above the 200-day SMA at 95.33.
DXY daily chart
Technical levels
Source: Fx Street
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