US Dollar Index Technical Analysis: The surpass of the 200-day SMA should allow for extra gains
|- The recent break above the critical 200-day SMA in the 97.40 region has shifted the outlook on the index back to positive.
- If this breakout becomes convincing, then the Greenback should target last week’s peaks at 98.00 ahead of the 55-day SMA at 98.28.
- While below the 200-day SMA, DXY should regain downside pressure and expose a move to monthly lows near 97.10.
DXY daily chart
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