Home US Dollar Index Technical Analysis: Looks well underpinned by the support line at 97.48
FXStreet News

US Dollar Index Technical Analysis: Looks well underpinned by the support line at 97.48

  • After recording fresh tops near 98.40 on Friday, the index is now stabilizing around the 98.20 region.
  • Another visit to the 2019 highs just below the 99.00 barrier remains well on the cards as long as the short-term support line, today at 97.48, underpins.
  • Looking at the broader picture, while above the critical 200-day SMA, the outlook on DXY should stay constructive.

DXY daily chart

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.