Home US Dollar Index Technical Analysis: Extra upside looks likely above the short-term support line

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US Dollar Index Technical Analysis: Extra upside looks likely above the short-term support line

FX Street

Updated: 28 Aug. 2019 | 11:27

DXY is extending the weekly recovery from Friday’s sharp sell-off and it has already regained the key barrier at 98.00 the figure.
The next target on the upside remains at 98.50, last week’s high. A clear of this area on a sustainable fashion should pave the way for a potential visit to 2019 tops in levels just shy of 99.00 the figure.
In the short-term horizon, extra gains are expected to remain bolstered by the immediate support line (off June’s low), today at 97.80.

DXY daily chart

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