Home US Dollar Index Technical Analysis: The Greenback remains weak and challenges the 100-day SMA

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US Dollar Index Technical Analysis: The Greenback remains weak and challenges the 100-day SMA

FX Street

Updated: 17 Oct. 2019 | 11:38

DXY is extending the bearish move below the key support at 98.00 the figure, recording at the same time fresh 2-month lows.
The down move is putting under pressure the key 100-day SMA at 97.80 and breaching the September’s low at 97.86.
A break below this area should open the door for further weakness to the 200-day SMA at 97.36.

DXY daily chart

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