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US Dollar Index Technical Analysis: Keeps the constructive tone above 98.08

  • DXY manages well to keep business near the 98.40 region so far this week, recovering ground lost after Friday’s sell off.
  • Extra gains are expected to meet the next hurdle at 98.93 (high August 1st) ahead of the 2019 high near 99.40 recorded on September 3rd.
  • As long as the short-term support line, today at 98.08, underpins, the positive stance in the buck is expected to remain unchanged.

DXY daily chart

 

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