Home US Dollar Index Technical Analysis: The outlook on the greenback remains constructive above the 200-day SMA

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US Dollar Index Technical Analysis: The outlook on the greenback remains constructive above the 200-day SMA

FX Street

Updated: 16 Jul. 2019 | 10:32

DXY is extending the weekly correction higher, regaining at the same time the critical barrier at 97.00 the figure and beyond.
Immediately to the upside emerges monthly peaks near 97.60 ahead of June tops around 97.80.
In the broader picture, while above the 200-day SMA at 97.78 and the multi-month support line at 97.90, the positive bias remains unchanged.

DXY daily chart

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