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John Wang
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Forex
April 21 21:13

US dollar index reclaims recent highs

DXY has successfully reclaimed the 100 level. It continued to grow further in the second half of the last week.
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The US dollar index has been boosted by the new wave of anxiety that engulfed the markets around the world. The development is expected to meet Fibo retracement that happened in 2017-2018 at the 100.49 level before the more important bump at April’s highs under the 101 level.
Finally, traders expect the constructive bias to stay stable over the 200-day SMA.
DXY daily chart: