- The up move in the index remains well and sound so far this week, managing to retake the 95.00 handle and above.
- A daily close above 94.91 (high July 27) is needed in order to reassert the upside note with immediate target at the mid-95.00s (June’s peaks), considered the last defence for a test of 2018 top at 95.65 (July 19).
- Furthermore, the bid bias is expected to stay unchanged while above the short-term support line, today near 94.30, and the daily cloud.
DXY daily chart
Daily high: 95.06
Daily low: 94.61
Support Levels
S1: 94.54
S2: 94.40
S3: 93.32
Resistance Levels
R1: 94.76
R2: 94.84
R3: 94.98
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