- The index is attempting to leave behind the recent correction lower, rebounding from the solid support area around 97.00 the figure.
- The ongoing drop is viewed as corrective only while Immediate target on the upside remains at 2019 highs in the 97.70/75 band ahead of 97.87, June 2017 peaks.
- In the broader picture, the outlook on DXY remains constructive while above the key 200-day SMA, today at 95.90.
DXY daily chart
Source: https://www.fxstreet.com/news/us-dollar ... 1904040719
