Home US Dollar Index Technical Analysis: The Greenback is surviving above the support line at 98.03

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US Dollar Index Technical Analysis: The Greenback is surviving above the support line at 98.03

FX Street

Updated: 5 Sep. 2019 | 11:17

DXY is down for yet another session on Thursday, coming under renewed selling pressure following Tuesday’s YTD tops near 99.40.
The correction lower now carries the potential to extend further, in which case the next contention emerges at the 21-day SMA at 98.12.
In the meantime, the upside bias is expected to persist while the support line, today at 98.03, underpins.

DXY daily chart

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