US Dollar Index Technical Analysis: Outlook remains constructive above the 200-day SMA at 96.42

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  • The greenback has managed to rebound from recent lows and is now looking to reclaim the critical 98.00 milestone.
  • Immediate on the upside lines up the 10-day SMA at 97.81 ahead of more relevant hurdles beyond 98.00 the figure.
  • Furthermore, the positive stance in DXY is seen unchanged while above the key 200-day SMA at 96.42. This area of contention is reinforced by the medium-term support line at 96.35.

DXY daily chart

 

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