Home US Dollar Index Technical Analysis: A break below the mid-97.00s should expose 97.26

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US Dollar Index Technical Analysis: A break below the mid-97.00s should expose 97.26

FX Street

Published date: 1 May. 2019 | 09:12

The decline in the greenback appears to have met decent support in the mid-97.00s for the time being, coincident with early April highs.
Further south emerges the 21-day SMA at 97.36, which should hold occasional bearish attempt ahead of later April low at 97.26.
In the meantime, while above the critical 200-day SMA at 96.17 the outlook on DXY should remain constructive.

DXY daily chart

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