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- US Dollar Index Price Analysis: Gains remain capped by 94.00
US Dollar Index Price Analysis: Gains remain capped by 94.00
- DXY extends the rejection from recent tops near 94.00.
- Another visit to the 93.50 area stays on the table.
The persevering selling pressure keeps DXY on the defensive for the second session in a row on Thursday.
If the index cannot clear recent tops around 94.00 in the near term, it could open the door to a deeper pullback in the next sessions. That said, the immediate target should be at the 93.50 region ahead of the 55-day SMA at 93.32.
Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.94.
DXY daily chart
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