US Dollar Index Technical Analysis: Setting sails for 2019 highs near 97.70

FX Street

Updated: 2 Apr. 2019 | 09:57

DXY managed to leave behind the initial negative tone seen at the beginning of the week and has now regained the upper hand.
Immediate target on the upside remains the 97.70 region, where sits the 2019 high ahead of 97.87, June 2017 peaks.
In the meantime, the constructive stance on the buck remains intact as long as the key 200-day SMA at 95.94 underpins. This area of support is reinforced by recent lows at 95.74.

DXY daily chart

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

View all posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.