US Dollar Index Technical Analysis: The Greenback risks a test to the 21-day SMA at 98.64
- The bearish sentiment remains intact around the Greenback, forcing DXY to break below the key support at 99.00 the figure.
- A negative surprise at today’s Payrolls could spark further weakness towards, initially, the 21-day SMA at 98.64. This area of contention matches weekly lows recorded on Thursday.
- In the meantime, while above the 55-day SMA at 98.26, the likeliness of a recovery to 99.00 and above remains well on the cards.

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.

















