Search ForexCrunch
  • The upbeat note in the greenback remains intact so far this week and DXY manages well to keep the trade above the 98.00 barrier for the time being.
  • Immediately above emerges the mid-100.00s as the next significant hurdle, where is located a Fibo retracement of the 2017-2018 drown move.
  • In the meantime, occasional selling attempts should meet initial contention at 97.89, another Fibo retracement, while the outlook on the index stays constructive as long as the critical 200-day SMA at 96.13 underpins.

DXY daily chart