US Dollar Index Technical Analysis: Faces some consolidation near term. Still targets 97.71

DXY is now extending the rangebound pattern above the key 97.00 the figure and faces the likeliness of extra consolidation in the short-term horizon.
Nothing changed regarding the ongoing performance of the buck, which keeps aiming to another test of 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 95.97.

DXY daily chart

Apr 5, 2019

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