Home US Dollar Index Technical Analysis: Recovery expected to continue above the support line at 97.36

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US Dollar Index Technical Analysis: Recovery expected to continue above the support line at 97.36

FX Street

Published date: 9 Aug. 2019 | 10:32

The index remains within a rangebound pattern in the 97.50/60 region so far this week.
As long as the immediate support line – today at 97.36 – holds the downside, there is still scope for another test of the 98.00 barrier and above.
This significant area of contention is also reinforced by the 55-day, 100-day SMAs and recent lows in the 97.20 region.

DXY daily chart

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