Home US Dollar Index Technical Analysis: Remains bid and could test recent tops near 98.50

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US Dollar Index Technical Analysis: Remains bid and could test recent tops near 98.50

FX Street

Updated: 29 Aug. 2019 | 12:27

DXY is prolonging the weekly upside momentum above 98.00 the figure and recording at the same time new four-day peaks.
The next target on the upside remains at 98.50, last week’s high. A clear of this area on a sustainable fashion should pave the way for a potential visit to 2019 tops in levels just shy of 99.00 the figure.
In the meantime, while above the immediate support line – today at 97.83 – the rally should remain underpinned.

DXY daily chart

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