DXY continues to rise, clinching heights near 92.70.
Next up are the 2021 highs near 93.50.
As market investors await the publication of US Nonfarm Payrolls, the dollar advance continues unabated for another day, pushing DXY to new 3-month highs around 92.70.
If the purchasing impulse gains traction, the 93.00 yardstick will serve as a minor stumbling block on the way to the more relevant 2021 highs of 93.50. (March 31).
Meanwhile, looking at the bigger picture, the dollar’s prognosis is positive as long as it remains above the 200-day SMA (91.43)./n
