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23 Oct 2019

US Dollar Index Technical Analysis: Regains some poise above the 200-day SMA

  • DXY continues to recover ground lost in the last couple of weeks, managing to retake the key area above the 200-day SMA and print 3-day high in the 97.60 region.
  • Above this key level, the upside bias should be restored, allowing for further gains to, initially, the 55-day SMA near 98.30.
  • In case sellers regain the upper hand, a potential test of 97.00 the figure (and probably) below should not be ruled out.

DXY daily chart 

 

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