US Dollar Index Technical Analysis: Another test of YTD highs is possible if 98.00 is cleared
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US Dollar Index Technical Analysis: Another test of YTD highs is possible if 98.00 is cleared

  • DXY has managed to regain and briefly surpass the critical barrier at 98.00 the figure earlier today.
  • A convincing breakout of this key resistance should lift the Greenback further and allow for a test of 98.37 (May top) ahead of 2019 highs just below the 99.00 mark.
  • While above the short-term support line off June’s low (95.84), the upside momentum in the buck looks well sustained.

DXY daily chart

 

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