Home US Dollar Index Technical Analysis: Scope for a retracement to the Fibo retracement at 97.87

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US Dollar Index Technical Analysis: Scope for a retracement to the Fibo retracement at 97.87

FX Street

Published date: 13 Sep. 2019 | 10:52

DXY has resumed the downside and is now challenging the key support at 98.00 the figure.
A deeper pullback should see the 97.90/85 band retested, where coincide a Fibo retracement and weekly lows.
Looking at the broader picture, while above the critical 200-day SMA at 97.11, the constructive bias should remain unchanged.

DXY daily chart

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