US Dollar Index Technical Analysis: Room for another test of 2019 highs near 98.40

• The greenback is extending the weekly recovery for another session, managing to reclaim the 98.00 mark and above, clinching at the same time fresh multi-day highs.
• Directly above emerges April’s highs around 98.30, considered the last defence for a visit to YTD peaks near 98.40 recorded earlier this month.
• Looking at the broader picture, the constructive stance on DXY remains unchanged while above the key 200-day SMA at 96.43 and the 8-month support line at 96.33.

DXY daily chart