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US Dollar Index Technical Analysis: The constructive view persists above the 55-day SMA near 98.00

  • DXY is extending the recovery to the area just below 99.00 the figure on Monday.
  • While above the 55-day SMA at 97.94, another test of 99.10 (high September 12th) should remain on the table ahead of YTD tops near 99.40.
  • This area of support is further reinforced by the support line at 98.18.

DXY daily chart

 

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