The Bloomberg dollar index, which evaluates performance of the US dollar against 10 other currencies, has risen by 13 per cent so far in 2022 to reach a 20 year high and is set for the best annual gain since 2004.
The psychological mark of 22,000 holds intermediate support, followed by strong support of the 21,800-21,700 subzone. On the higher end, the 20-DEMA placed at 22,300,
MarketSmith suggests considering ITD Cementation, Neuland Laboratories, Arvind Smartspaces, Sharda Motor Industries, and Choice International as potential buys based on various financial and technical indicators.
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