US Dollar Index Technical Analysis: The greenback now targets 2019 highs beyond 98.30

  • The rally in the buck stays well in place so far this week, trading at shouting distance from the critical barrier at 98.00 the figure.
  • In order to challenge 2019 highs in the 98.30 region, DXY needs to clear recent tops at 98.10 (May 3) in a sustainable fashion.
  • The broader positive picture looks unchanged while above the key 200-day SMA at 96.34 and the +3-month support line at 96.46.

DXY daily chart

 

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