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US Dollar Index Technical Analysis: The greenback resumes the upside and targets 98.00 and above

  • The index navigates the area of 2-month tops just below the key 98.00 mark.
  • The up move could extend to 2019 highs near 98.40 if the 98.00 barrier is cleared on a sustainable fashion .
  • Further out, the constructive outlook on the buck remains unchanged while above the critical 200-day SMA at 96.86.

DXY daily chart

 

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