Home US Dollar Index Technical Analysis: The immediate bullish view stays unchanged above 97.86

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US Dollar Index Technical Analysis: The immediate bullish view stays unchanged above 97.86

FX Street

Published date: 20 Sep. 2019 | 11:37

DXY is struggling to resume the upside so far this week, falling within the familiar range around 98.40.
The immediate bullish view stays unaltered for the time being while above the recent low at 97.86 and the key 55-day SMA at 97.91. This area of contention is also reinforced the the Fibo retracement of the 2017-2018 drop at 97.87.
If the Greenback manages to regain upside traction it could attempt a test of last week’s peak at 99.10.

DXY daily chart

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