Home US Dollar Index Technical Analysis: Rising bets for a test of the 97.00 area

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US Dollar Index Technical Analysis: Rising bets for a test of the 97.00 area

FX Street

Updated: 21 Oct. 2019 | 11:22

The index remains well under downside pressure and it has extended the leg lower to the vicinity of the key support at 97.00 the figure, or monthly lows.
While sellers remain in control, the key support in the 97.00 region is expected to be challenged in the next sessions.
The bearish view and the probability of extra losses remain in place as long as the Greenback trades below the 200-day SMA.

DXY daily chart

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