Home US Dollar Index Technical Analysis: The greenback remains firm amidst rising odds for a test of YTD tops near 98.40

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US Dollar Index Technical Analysis: The greenback remains firm amidst rising odds for a test of YTD tops near 98.40

FX Street

Updated: 30 Jul. 2019 | 09:17

The index is moving further north and is looking to consolidate the recent breakout of the 98.00 mark.
Immediately above emerges the 2019 high at 98.37 (May 23) ahead of May 2017 high at 99.89.
Further out, the positive stance on DXY is seen unchanged whgile above the critical 200-day SMA, today at 96.88. This area of contention is also reinforced by the multi-month support line at 96.99.

DXY daily chart

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