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US Dollar Index Technical Analysis: Further gains expected on a break above 99.37

  • The upside momentum in DXY appears to have lost some impetus above the 99.00 handle for the time being.
  • Extra gains in the index are seen gathering traction above early September high at 99.37 ahead of the 2019 high near 99.70 (October 1st).
  • In the meantime, the immediate constructive outlook remains well supported by the 21-day SMA, today at 98.75.

DXY daily chart 

 

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