- The greenback prolongs the rally for the fifth consecutive session on Friday and has left behind the critical milestone at 95.00 the figure.
- DXY remains underpinned by sentiment while initial contention emerges at the 10-day SMA at 94.99. This area is reinforced by the hourly peak at 94.94 seen on Thursday.
- Immediate target is now the area of 2018 peaks in the mid-95.00s. Once cleared, the psychological handle at 96.00 the figure should emerge in the horizon ahead of 96.51, monthly high July 2017.
DXY hourly chart
Daily high: 95.24
Daily low: 94.80
Support Levels
S1: 94.81 hourly low July 13
S2: 94.68 21-day SMA
S3: 94.48 10-day SMA
Resistance Levels
R1: 95.21 200-week SMA
R2: 95.53 2018 high June 28
R3: 96.00 psychological handle
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