- The greenback has started the week on the back footing and is now down for the second session in a row, testing the mid-94.00s.
- DXY broke below the key support area around 94.60 with some decent follow through, although the constructive tone remains unchanged while the short-term support line near 94.20 underpins.
- On the upside, the interim hurdle lines up at last week’s peak at 94.91 (Friday).
DXY hourly chart
Daily high: 94.76
Daily low: 94.46
Support Levels
S1: 94.58
S2: 94.46
S3: 94.30
Resistance Levels
R1: 94.86
R2: 95.02
R3: 95.14