- The greenback is looking to add to last Friday’s gains above the critical 95.00 the figure, while the breakout of the resistance line opened the door for a resumption of the upside pressure.
- On the other hand, the index remains well supported by the 94.50/45 band, last week’s lows.
- Further upside momentum should meet interim hurdle at the 21-day SMA at 95.54 ahead of recent tops around 95.70.
DXY daily chart
Daily high: 95.22
Daily low: 95.01
Support Levels
S1: 94.70
S2: 94.29
S3: 94.02
Resistance Levels
R1: 95.38
R2: 95.65
R3: 96.06
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