Home US Dollar Index Technical Analysis: Regains the constructive bias above the 200-day SMA

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US Dollar Index Technical Analysis: Regains the constructive bias above the 200-day SMA

FX Street

Updated: 25 Oct. 2019 | 12:17

The weekly recovery in DXY met strong hurdle in the 97.80 region so far.
However, the Greenback has managed to leave behind the critical 200-day SMA in the 97.40 region, reinstalling the positive outlook in the near/medium term.
In this case, the next target of significance should emerge at the 55-day SMA at 98.34 ahead of 99.25 (October 8^th).

DXY daily chart

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