Following Tuesday’s bullish ‘outside day’, the index closed at/above 95.06 on Wednesday, allowing the continuation of the up move and targeting YTD tops in the 95.50/55 band. As long as the 3-month support line – today at 94.43 – holds, the upside bias in the buck should remain unchanged, facing the immediate target at 95.53 ahead of the psychological 96.00 the figure. In case of the re-emergence of the selling mood, initial contention is located in the 95.40 area, Wednesday’s hourly highs. Further contention emerges in the 94.70 region, where aligns the 10-day and 21-day SMA, followed by the 3-month support line. The daily ADX reads 22.51, indicative of a weak trend, however. DXY hourly chart Daily high: 95.50 Daily low: 94.99 Support Levels S1: 94.91 S2: 94.71 S3: 94.46 Resistance Levels R1: 95.36 R2: 95.61 R3: 95.81 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/RUB seen at 57.50 in 12-month – Danske Bank FX Street 5 years Following Tuesday's bullish 'outside day', the index closed at/above 95.06 on Wednesday, allowing the continuation of the up move and targeting YTD tops in the 95.50/55 band. As long as the 3-month support line - today at 94.43 - holds, the upside bias in the buck should remain unchanged, facing the immediate target at 95.53 ahead of the psychological 96.00 the figure. In case of the re-emergence of the selling mood, initial contention is located in the 95.40 area, Wednesday's hourly highs. Further contention emerges in the 94.70 region, where aligns the 10-day and 21-day SMA, followed by the 3-month… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
