US Dollar Index Technical Analysis: Upside bias allows for a test of 99.89

FX Street

Updated: 2 Sep. 2019 | 13:17

DXY is trading in fresh 2019 highs above the 99.00 mark at the beginning of the week, adding to last week’s gains.
If the buying pressure regains traction, the index is well positioned to attempt a test of May 2017 highs near 99.90 ahead of the psychological 100.00 the figure.
In the meantime, while above the immediate support line – today at 97.90 – the bullish bias is seen unchanged.

DXY daily chart

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