Home US Dollar Index Technical Analysis: outlook stays constructive above the 200-day SMA

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US Dollar Index Technical Analysis: outlook stays constructive above the 200-day SMA

FX Street

Published date: 6 Nov. 2019 | 10:22

The index continues its march north and is approaching the key barrier at 98.00 the figure.
The constructive stance on DXY is once again in place after the recent breakout of the critical 200-day SMA in the 97.40 zone.
That said, further gains should now initially target the 55-day SMA, today at 98.29 ahead of 99.25 (high October 8^th).

DXY daily chart

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