US Dollar Index Technical Analysis: initial hurdle remains at 98.00
- The upside in the index met a tough barrier in the 98.00 neighbourhood for the time being, or monthly highs.
- In the meantime, the positive view on DXY remains unchanged while above the critical 200-day SMA, today at 97.48.
- That said, further gains should now initially target the 55-day SMA at 98.27 ahead of 99.25 (high October 8th).

DXY daily chart

Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

















