Home US Dollar Index Technical Analysis: The greenback remains underpinned by the 200-day SMA at 96.48

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US Dollar Index Technical Analysis: The greenback remains underpinned by the 200-day SMA at 96.48

FX Street

Published date: 12 Jun. 2019 | 09:27

The index looks under pressure so far this week, trading at shouting distance from recent lows in the 96.50 region.
Above this area of support the positive view on DXY is expected to remain unchanged. This zone is also reinforced by the multi-month support line, today at 96.52.
Bullish attempts are expected to meet initial hurdle at the 100-day SMA at 96.98 ahead of peaks recorded in earlier June in the 97.40 region.

DXY daily chart

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