Home US Dollar Index Technical Analysis: Further downside could see monthly lows near 97.00 re-tested

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US Dollar Index Technical Analysis: Further downside could see monthly lows near 97.00 re-tested

FX Street

Published date: 31 Oct. 2019 | 10:47

The index has broken below the critical 200-day SMA once again today and remains under heavy downside pressure.
If this breach is convincing then the outlook on the buck should shift to bearish (from constructive) and the next target should emerge at the monthly low at 97.14 (October 18).
Further south emerges the August low at 97.03.

DXY daily chart

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