- The move higher in the index remains well and sound on Monday and is now targeting the area of YTD peaks in the 95.60 area.
- DXY now needs to surpass and close above highs seen around a year ago to open the door to a visit of the key 96.00 handle and above where lies the 50% Fibo retracement of the 2017-2018 drop (96.04).
- Furthermore, the upside bias in the buck should remain unaltered as long as the short-term support line underpins, today at 94.35.
DXY daily charts
Daily high: 95.52
Daily low: 95.20
Support Levels
S1: 95.01
S2: 94.79
S3: 94.61
Resistance Levels
R1: 95.41
R2: 95.59
R3: 95.81
Share
