Home US Dollar Index Technical Analysis: The greenback now targets 2019 highs beyond 98.30

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US Dollar Index Technical Analysis: The greenback now targets 2019 highs beyond 98.30

FX Street

Published date: 17 May. 2019 | 09:57

The rally in the buck stays well in place so far this week, trading at shouting distance from the critical barrier at 98.00 the figure.
In order to challenge 2019 highs in the 98.30 region, DXY needs to clear recent tops at 98.10 (May 3) in a sustainable fashion.
The broader positive picture looks unchanged while above the key 200-day SMA at 96.34 and the +3-month support line at 96.46.

DXY daily chart

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