Home US Dollar Index Technical Analysis: Direction remains unclear so far. Support seen just above 97.00

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US Dollar Index Technical Analysis: Direction remains unclear so far. Support seen just above 97.00

FX Street

Updated: 10 May. 2019 | 10:12

The greenback is trading within a sideline theme so far this week, coming under increasing selling pressure after surpassing the key 98.00 handle during last week.
Extra downside should meet initial support at weekly lows at 97.15. This area of contention appears reinforced by the 55-day SMA at 97.07.
In the meantime, the positive outlook is poised to prevail while above the critical 200-day SMA at 96.27.

DXY daily chart

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