- The index came under some selling pressure on Wednesday, prolonging the rangebound theme around the key 95.00 area.
- In the meantime, the short-term support line around 95.15 keeps holding on and leaves the buck’s constructive bias unchanged when trades above it.
- In case of another bullish attempt, immediate hurdle enmerges at the 21-day SMA at 95.34 ahead of September’s top at 95.74. Further up, the 50% Fibo retracement of the 2017-2018 drop at 96.04 awaits.
DXY daily chart
Daily high: 95.28
Daily low: 95.04
Support Levels
S1: 94.84
S2: 94.62
S3: 94.36
Resistance Levels
R1: 95.32
R2: 95.58
R3: 95.80
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