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US Dollar Index Technical Analysis: Further gains expected on a break above 99.37

FX Street

Updated: 9 Oct. 2019 | 10:22

The upside momentum in DXY appears to have lost some impetus above the 99.00 handle for the time being.
Extra gains in the index are seen gathering traction above early September high at 99.37 ahead of the 2019 high near 99.70 (October 1^st).
In the meantime, the immediate constructive outlook remains well supported by the 21-day SMA, today at 98.75.

DXY daily chart

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