US Dollar Index Technical Analysis: Looks to regain the 98.00 barrier and above

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  • The index continues to recover ground lost following Friday’s sharp pullback to the 97.20 area, coincident with the 1-year support line and earlier August lows.
  • Further upside should put the 98.00 handle back on the radar ahead of last week’s tops in the 98.50 zone.
  • In the broader scenario, while above the 200-day SMA at 97.00, the constructive outlook is expected to remain unchanged.

DXY daily chart

 

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