US Dollar Index Technical Analysis: Further upside remains on the cards. Target still at 2019 highs
|- The greenback is adding to last week’s gains near the key 98.00 handle, leaving the door open for a potential test of 2019 highs around 98.30.
- The interim hurdle emerges at 98.10 (May 3 high), considered the last defence for a visit to yearly highs.
- The broader positive picture looks unchanged while above the key 200-day SMA at 96.35 and the +3-month support line at 96.46. This area of support is reinforced by a Fibo retracement of the 2017-2018 drop.
DXY daily chart
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