US Dollar Index Technical Analysis: Now targets June tops at 97.80

FX Street

Updated: 8 Jul. 2019 | 10:22

After breaking above the critical 200-day SMA in the 96.60 region and the subsequent breakout of the 97.00 handle, DXY has now shifted its focus to June tops around 97.80.
Interim resistance, however, emerges at post-Payrolls tops above 97.40.
Further out, above the 200-day SMA at 96.66 and the multi-month support line at 96.76, the outlook on the buck should remain constructive.

DXY daily chart

FX Street

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