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US Dollar Index Technical Analysis: Upside pressure expected to lift the Greenback to 2019 highs

  • DXY has recovered the area of multi-week highs beyond 98.50, surpassing the important resistance at last week’s tops near 98.40.
  • The next target on the upside has now shifted to 2019 tops in levels just shy of 99.00 the figure.
  • In the meantime, while above the immediate support line – today at 97.86 – the bullish bias is seen unchanged.

DXY daily chart

 

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