US Dollar Index Price Analysis: Upside seen as temporary

• DXY probes once again the 90.30 region, or 2-day peaks.
• The reversion of the rebound could re-visit 89.50.

DXY leaves behind Thursday’s pullback and re-visits the 90.30/40 band on Friday, or 2-day highs.

Bullish attempts, in the meantime, remain capped by the 90.50/60 band for the time being. As long as this area continues to cap the upside, there is still room for a potential drop to May’s low in the mid-89.00s.

In the meantime, and looking at the broader scenario, while below the 200-day SMA, today at 91.56 the outlook for the buck is forecast to remain negative.

DXY daily chart