US Dollar Index Price Analysis: Above 92.00 targets the 92.50 region

DXY records 2-month highs beyond 92.00, retreats afterward.
Next on the upside comes during a Fibo level near 92.50.
DXY advances above the 92.00 mark for the primary time since April on Friday.

The improved sentiment within the dollar could now push the index to subsequent minor target at a Fibo level near 92.50. Further north, there are not any relevant hurdles until the 2021 highs within the mid-93.00s recorded on March 31.

In the meantime, and searching at the broader scenario, a sustainable breakout of the 200-day SMA, today at 91.51, should shift the outlook for the buck to positive.


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