- The greenback is prolonging the upside momentum and is looking to leave behind the key hurdle at 95.55, where sits the 21-day SMA.
- Extra gains should find initial barrier at 96.04, the 50% Fibo retracement of the 2017-2018 drop. Further north emerges the so far YTD peaks just below 97.00 the figure.
- In the meantime, the buck regained the constructive bias after surpassing the critical support line off June’s low, today just above the 95.00 handle.
DXY daily chart
Daily high: 95.67
Daily low: 95.28
Support Levels
S1: 95.12
S2: 94.81
S3: 94.50
Resistance Levels
R1: 95.74
R2: 96.05
R3: 96.36
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