- The buck remains vulnerable at the end of the week on a better mood around the risk-on complex, forcing DXY to extend the drop below the key 95.00 milestone.
- The key support area remains around the short-term support line near the 95.00 handle for the time being. This area is also reinforced by the 55-day SMA at 95.05, while the 10-day SMA is located at 94.98.
- The broader picture signals the prospect for the index should remain constructive while above the support line, although a breakdown of recent lows around 94.45/40 could accelerate the leg lower to, initially, July’s low at 93.71.
DXY daily chart
Daily high: 95.08
Daily low: 94.88
Support Levels
S1: 94.90
S2: 94.77
S3: 94.62
Resistance Levels
R1: 95.18
R2: 95.33
R3: 95.46
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