- The index is prolonging the bearish momentum at the beginning of the week, challenging the key support in the 95.00 neighbourhood.
- The increasing weakness keeps gathering traction around the buck, while it is seen facing the initial challenge around the 55-day SMA near 95.00 the figure. If cleared, the critical short-term support line, today at 94.82, should come to the fore.
- This area of contention is supported by the top of the daily cloud.
DXY daily chart
Daily high: 95.30
Daily low: 95.00
Support Levels
S1: 94.90
S2: 94.62
S3: 94.23
Resistance Levels
R1: 95.57
R2: 95.96
R3: 96.24
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