Aug 19, 2019
US Dollar Index Technical Analysis: Looks well underpinned by the support line at 97.48
- After recording fresh tops near 98.40 on Friday, the index is now stabilizing around the 98.20 region.
- Another visit to the 2019 highs just below the 99.00 barrier remains well on the cards as long as the short-term support line, today at 97.48, underpins.
- Looking at the broader picture, while above the critical 200-day SMA, the outlook on DXY should stay constructive.
DXY daily chart