DXY Technical Analysis: The greenback broke below hourly support levels. Still underpinned by short-term support line

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  • 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

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