Home US Dollar Index Technical Analysis: Interim target emerges near 97.60, monthly peaks

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US Dollar Index Technical Analysis: Interim target emerges near 97.60, monthly peaks

FX Street

Published date: 22 Jul. 2019 | 10:02

DXY is adding to Friday’s gains above the key 97.00 mark, although the 55-day SMA at 97.19 has been offering tough resistance.
Extra buying impulse should lift the index to the interim target at last week’s highs beyond 97.40 ahead of monthly tops in the vicinity of 97.60.
Above the critical 200-day SMA at 96.82, the constructive outlook on the buck should stay unchanged.

DXY daily chart

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