US Dollar Index Technical Analysis: Immediate target on the upside sits at 97.50
|- The index has receded from recent tops in levels just shy of monthly highs beyond 97.50 (April 2).
- Upside momentum in DXY looks firm and is now targeting the 97.50/55 band, considered the last defence for a potential test of yearly peaks in the 97.70 region.
- Looking at the broader scenario, the positive stance in the buck is expected to persist as long as the critical 200-day SMA at 96.06 underpins.
DXY daily chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.