Today we will take a closer look at the US dollar index.
In the course of the Corona crisis, the DXY has lost massive value. After first going from 94.65 on March 9, 2020 to 102.99 on March 20, 2020, it began a sharp sell-off. From the high of 102.99, it went to a low of 89.20 over the next few months. This low was marked on January 6, 2021.
The DXY has since recovered from the low on January 6, 2021 and is trading at 91.04. In the course of the small rally, the dollar was also able to pick up positive momentum.
The next resistance is at 92.09.