Home US Dollar Index Technical Analysis: The greenback holds above the key 200-day SMA in the 96.60 region

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US Dollar Index Technical Analysis: The greenback holds above the key 200-day SMA in the 96.60 region

FX Street

Published date: 3 Jul. 2019 | 09:38

The greenback manages well to keep business in the upper end of the weekly range just below the 97.00 yardstick.
DXY has recovered the 200-day SMA and the support line in the 96.60 area, and in doing so it has also regained the constructive outlook.
Immediately above emerges the 100-day SMA at 97.08 ahead of the 55-day SMA at 97.31 region, considered interim hurdles and the last defence of a test of June tops near 97.80.

DXY daily chart

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