US Dollar Index Technical Analysis: Rising bets for a test of the 97.00 area
US Dollar Index Technical Analysis: Rising bets for a test of the 97.00 area
- The index remains well under downside pressure and it has extended the leg lower to the vicinity of the key support at 97.00 the figure, or monthly lows.
- While sellers remain in control, the key support in the 97.00 regions is expected to be challenged in the next sessions.
- The bearish view and the probability of extra losses remain in place as long as the Greenback trades below the 200-day SMA.
DXY daily chart
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