Back
5 Apr 2019
US Dollar Index Technical Analysis: Faces some consolidation near term. Still targets 97.71
- DXY is now extending the rangebound pattern above the key 97.00 the figure and faces the likeliness of extra consolidation in the short-term horizon.
- Nothing changed regarding the ongoing performance of the buck, which keeps aiming to another test of 2019 highs in the 97.70/75 band ahead of 97.87, June 2017 peaks.
- In the broader picture, the outlook on DXY remains constructive while above the key 200-day SMA, today at 95.97.
DXY daily chart