- The index is prolonging the rally on Wednesday, reverting the initial negative tone and now posting gains for the sixth session in a row.
- DXY is now eroding the critical resistance line off June’s low, today at 95.57 and has once again the immediate target at 96.04, the 50% retracement of the 2017-2018 drop.
- Further north lies the 2018 tops at levels just below 97.00 the figure seen on August 15.
DXY daily chart
Daily high: 95.63
Daily low: 95.25
Support Levels
S1: 95.25
S2: 95.02
S3: 94.77
Resistance Levels
R1: 95.73
R2: 95.98
R3: 96.21