- The DXY index hits 2021 highs above the 93.00 level on Tuesday.
- Higher up, the November 2020 high is pointed to around 94.30.
The DXY index extends the move to the upside and finally breaks above the round 93.00 level on Tuesday.
Against this, a continuation of the uptrend seems likely on the short-term horizon. That said, there are no relevant upward barriers until the November 2020 highs in the 94.25 / 30 region.
The downward pressure around the DXY index appears eased after the recent breakout of the 200-day SMA at 92.52. If the DXY index manages to stay above the latter on a sustainable basis, then the outlook should change to constructive, at least in the short term.
US dollar index daily chart
US dollar index technical levels
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