US Dollar Index Technical Analysis: Target is now last week’s peak at 99.10

Dollar Index Spot Overview Today last price 98.62 Today Daily Change 16 Today Daily Change % -0.02 Today daily open 98.64 Trends Daily SMA20 98.38 Da  |  17/09/2019 11:53
  • The recovery in DXY is facing some headwinds in the 98.60 region following Monday’s strong bounce off lows near 97.80.
  • The continuation of the buying pressure should take the Greenback to visit last week’s tops in the 99.10 region.
  • Looking at the broader picture, while above the critical 200-day SMA at 97.12, the constructive bias is expected to remain unaltered.

DXY daily chart

 

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