- DXY is extending the leg lower for yet another session and has now broken below the critical short-term support line, allowing for further downside.
- The pick up in the selling bias could drag the buck to its initial support in the 94.20/08 band, where emerges a retracement of the 2017-2018 and late July’s lows.
- If cleared, July’s low in the 93.70 area should appear on the horizon.
DXY daily chart
Daily high: 94.92
Daily low: 94.60
Support Levels
S1: 94.53
S2: 94.30
S3: 93.91
Resistance Levels
R1: 95.15
R2: 95.54
R3: 95.77
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