- The index remains vulnerable today, down for yet another session and putting the key support area around 94.30 to the test.
- The weak note around DXY stays unchanged, particularly after breaking below the key short-term support line off June’s low at 93.19 (today at 95.29).
- Further downside could test 94.20 (38.2% Fibo retracement of the 2017-2018 drop) ahead of 94.08 (late July low).
DXY daily chart
Daily high: 94.61
Daily low: 94.30
Support Levels
S1: 94.32
S2: 94.11
S3: 93.79
Resistance Levels
R1: 94.85
R2: 95.17
R3: 95.38