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US Dollar Index Technical Analysis: Rising bets for a visit to 2019 highs below 99.00

  • DXY is looking to extend the rally and is now flirting with previous yearly highs in the 98.40 region.
  • Another visit to the 2019 highs just below the 99.00 barrier remains well on the cards as long as the short-term support line, today at 97.52, underpins.
  • On the broader perspective, above the critical 200-day SMA just below 97.00 the figure, the outlook on DXY is seen positive.

DXY daily chart

 

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