US Dollar Index Technical Analysis: initial hurdle remains at 98.00

FX Street

Published date: 7 Nov. 2019 | 12:32

The upside in the index met a tough barrier in the 98.00 neighbourhood for the time being, or monthly highs.
In the meantime, the positive view on DXY remains unchanged while above the critical 200-day SMA, today at 97.48.
That said, further gains should now initially target the 55-day SMA at 98.27 ahead of 99.25 (high October 8^th).

DXY daily chart

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