US Dollar Index Technical Analysis: Next target emerges at 98.50
- The move up in DXY is once again flirting with the 98.00 region.
- Immediately above aligns the monthly peaks in the mid-98.00s.

The index is now navigating the area of weekly highs at/around the key 98.00 handle. The gradual recovery from recent lows is also testing the 10-day and 100-day SMAs just above 98.00 the figure.
Immediately to the upside now emerges the 55-day at 98.23. Further up is located the 98.50 region, or monthly highs. A sustainable break of this hurdle should pave the way for a move to 99.00 and beyond.
In the meantime, as long as the 200-day SMA at 97.57 holds the downside, the constructive outlook on DXY is seen unchanged.

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.

















