US Dollar Index Technical Analysis: Setting sails for 2019 highs near 97.70

• DXY managed to leave behind the initial negative tone seen at the beginning of the week and has now regained the upper hand.
• Immediate target on the upside remains the 97.70 region, where sits the 2019 high ahead of 97.87, June 2017 peaks.
• In the meantime, the constructive stance on the buck remains intact as long as the key 200-day SMA at 95.94 underpins. This area of support is reinforced by recent lows at 95.74.

DXY daily chart