- After clinching fresh tops in the 95.35/40 band, the index is now facing some selling pressure and is returning to the 95.00 neighbourhood.
- DXY not only closed above 94.91 on Thursday but also managed to close above the 95.00 handle (95.18), allowing a potential re-visit to the area of 2018 highs around 95.65.
- It is worth recalling that the constructive outlook is poised to remain as long as the buck trades above the short-term support line, today around 94.30.
DXY daily chart
Daily high: 95.38
Daily low: 95.01
Support Levels
S1: 94.80
S2: 94.41
S3: 93.22
Resistance Levels
R1: 95.38
R2: 95.57
R3: 95.96
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