US Dollar Index Technical Analysis: Extra gains could now test 97.60 ahead of 97.80

  • DXY is prolonging the upside momentum well beyond the 9700 handle and is now facing interim resistance at monthly peaks near 97.60.
  • Extra buying impulse should lift the index to June tops around 97.80, at shouting distance from the key barrier at 98.00 the figure.
  • Looking at the broader picture, the constructive outlook on the buck is expected to persist above the critical 200-day SMA at 96.83.

DXY daily chart

 

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