Home US Dollar Index Technical Analysis: Decent contention turned up in the 97.00 neighbourhood

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US Dollar Index Technical Analysis: Decent contention turned up in the 97.00 neighbourhood

FX Street

Published date: 4 Apr. 2019 | 09:22

The index is attempting to leave behind the recent correction lower, rebounding from the solid support area around 97.00 the figure.
The ongoing drop is viewed as corrective only while Immediate target on the upside remains at 2019 highs in the 97.70/75 band ahead of 97.87, June 2017 peaks.
In the broader picture, the outlook on DXY remains constructive while above the key 200-day SMA, today at 95.90.

DXY daily chart

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