- DXY keeps the leg lower after being rejected from tops beyond 95.60 recorded last week.
- The constructive outlook for the greenback still remains supported by the immediate support line off June lows, today at 94.10.
- Tuesday’s bullish ‘outside day’ pushed the index to YTD tops in the 95.60/65 band, although it lost momentum at the end of the week in response to Trump’s comments on the Fed and USD.
- The hourly ADX retreats from tops and is now hovering over 38, noting that the initial test of 94.60 appears to be losing strength.
DXY daily chart
Daily high: 94.60
Daily low: 94.20
Support Levels
S1: 94.12
S2: 93.78
S3: 93.20
Resistance Levels
R1: 95.04
R2: 95.62
R3: 95.96
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