DXY Technical Analysis: Now targets 2018 peak at 95.65
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DXY Technical Analysis: Now targets 2018 peak at 95.65

  • 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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