Home US Dollar Index Technical Analysis: Scope for extra consolidation in the mid-97.00s

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US Dollar Index Technical Analysis: Scope for extra consolidation in the mid-97.00s

FX Street

Updated: 9 May. 2019 | 09:47

DXY is so far prolonging the weekly sideline theme in the 97.50 region always closely following the US-China trade developments.
Immediate contention emerges at last week’s low at 97.15, while this area is also supported by the proximity of the 55-day SMA ay 97.05.
In the meantime, the positive outlook is poised to prevail while above the critical 200-day SMA at 96.26.

DXY daily chart

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