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US Dollar Index Technical Analysis: The greenback remains firm amidst rising odds for a test of YTD tops near 98.40

  • The index is moving further north and is looking to consolidate the recent breakout of the 98.00 mark.
  • Immediately above emerges the 2019 high at 98.37 (May 23) ahead of May 2017 high at 99.89.
  • Further out, the positive stance on DXY is seen unchanged whgile above the critical 200-day SMA, today at 96.88. This area of contention is also reinforced by the multi-month support line at 96.99.

DXY daily chart

 

EUR/JPY Technical Analysis: Upside stays capped by the 55-day SMA at 121.88

EUR/JPY Overview Today last price 120.98 Today Daily Change 48 Today Daily Change % -0.21 Today daily open 121.23 Trends Daily SMA20 121.37 Daily SMA
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AUD/USD remains confined in a range near 0.6900 handle, over 1-month lows

The AUD/USD pair extended its sideways move on Tuesday and remained confined in a narrow trading band around the 0.6900 handle, or over one-month lows
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