Home US Dollar Index Technical Analysis: Pullbacks seen faltering near the 200-day SMA at 96.80

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US Dollar Index Technical Analysis: Pullbacks seen faltering near the 200-day SMA at 96.80

FX Street

Updated: 18 Jul. 2019 | 10:17

DXY came under renewed and moderate selling pressure on Wednesday, failing once again to advanced further north of 97.50.
The leg lower, however, is expected to meet strong contention in the 96.80/88 band, where sit the 200-day SMA and the multi-month support line.
If the selling impetus gathers pace, the June 17 low at 96.46 should return to the traders’ radar.

DXY daily chart

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