Home US Dollar Index Technical Analysis: getting ready for the 55-day SMA near 98.30

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US Dollar Index Technical Analysis: getting ready for the 55-day SMA near 98.30

FX Street

Published date: 8 Nov. 2019 | 10:42

The upside in the index remains well and sound so far this week and is now extending further north of the 98.00 barrier.
In the meantime, the positive view on DXY remains unchanged while above the critical 200-day SMA, today at 97.49.
That said, further gains should now initially target the 55-day SMA at 98.29 ahead of 99.25 (high October 8^th).

DXY daily chart

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