US Dollar Index Technical Analysis: Approaches 2019 highs near 98.40

FX Street

Published date: 24 Jul. 2019 | 09:47

The upside momentum in the greenback looks unabated near the 97.80 region.
Extra buying impulse should lift DXY to 97.87, where emerges a Fibo retracement of the 2017-2018 drop. This is considered the last defence of a test of yearly peaks near 98.40.
While above the critical 200-day SMA at 96.84, the outlook on the buck is expected to remain positive.

DXY daily chart

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