US Dollar Index Technical Analysis: Further upside sustained by the support line at 97.26

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US Dollar Index Technical Analysis: Further upside sustained by the support line at 97.26

FX Street

Updated: 22 May. 2019 | 09:22

DXY navigates the top end of the recent range around the critical barrier at 98.00 the figure.
If the bullish impetus accelerates, the next hurdle of note will be the 2019 high at 98.32 ahead of a Fibo retracement at levels just below 99.00 the figure.
The broader constructive outlook is expected to prevail above key 200-day SMA at 96.38, while extra gains remain on the cards while above the short-term support line, today at 97.26.

DXY daily chart

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