- The DXY index hits new 2021 highs near 92.70 on Wednesday.
- Additional gains remain on the table above the 200-day SMA.
The US Dollar DXY Index gains additional traction and advances to new yearly highs near 92.70 in the second half of the week.
If the DXY index manages to advance above the 200-day SMA at 92.58 in a sustainable manner, then the outlook should change to constructive and allow the uptrend to continue, at least in the short / medium term.
Above this region a minor hurdle is seen at the round 93.00 level before targeting the November 2020 highs in the 9425/30 region.
US Dollar Index DXY Daily Chart
US Dollar Index DXY Technical Levels
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