- DXY is attempting some consolidation in the mid-97.00s in line with the rest of the global assets, while the ‘flight-to-safety’ move appears somewhat tempered today.
- Immediately on the upside emerges the interim hurdle at the 97.87/92 band, where coincide a Fibo retracement and the 10-day SMA.
- In the near term, the 97.20/30 band should hold the downside. This important area of contention includes the 55-day and 100-day SMAs, recent lows and the immediate short-term support line (off June’s low).
DXY daily chart
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