Home US Dollar Index Technical Analysis: A new visit to 98.00 and above remains on the cards

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US Dollar Index Technical Analysis: A new visit to 98.00 and above remains on the cards

FX Street

Updated: 13 Aug. 2019 | 10:12

DXY is up for the second session in a row today, looking to regain the area of last week’s tops around 97.80/90.
This area of initial resistance is reinforced by a Fibo retracement of the 2017-2018 drop at 97.87 ahead of 2019 high at 98.93 (August 1).
In the meantime, the critical 200-day SMA at 96.94 continues to hold the downside and sustains the constructive outlook while above it.

DXY daily chart

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