US Dollar Index Technical Analysis: Target is now last week’s peak at 99.10
|- The recovery in DXY is facing some headwinds in the 98.60 region following Monday’s strong bounce off lows near 97.80.
- The continuation of the buying pressure should take the Greenback to visit last week’s tops in the 99.10 region.
- Looking at the broader picture, while above the critical 200-day SMA at 97.12, the constructive bias is expected to remain unaltered.
DXY daily chart
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