Home US Dollar Index Technical Analysis: The greenback now looks to 97.87, June 2017 highs

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US Dollar Index Technical Analysis: The greenback now looks to 97.87, June 2017 highs

FX Street

Updated: 24 Apr. 2019 | 10:42

DXY is prolonging the upside momentum this week, trading in the upper end of the recent range and close to yesterday’s YTD highs near 97.80.
The upbeat note around the buck stays well and sound and the index is now targeting 97.87, June 2017 highs.
Looking at the broader scenario, the constructive outlook in the greenback is expected to prevail while above the critical 200-day SMA at 96.10.

DXY daily chart

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