- The US Dollar Index (DXY) adds to Wednesday’s advance and flirts with 99.00.
- Next, the upside lines up with the weekly high at 99.29 (March 14).
The US Dollar Index (DXY) extends the bullish momentum and trades near the key 99.00 barrier on Thursday.
A further advance in the index now looks increasingly likely and a break above the 99.00 area should retest the weekly high at 99.29 (March 14) on investors’ radar ahead of the 2022 peak in 99.41 (March 7).
The current bullish stance on the index remains supported by the 6-month line just above 96.00, while the long-term outlook for the dollar is seen as constructive above the 200-day SMA at 94.67.
DXY daily chart
Additional technical levels
Source: Fx Street
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