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  • The greenback has reached fresh multi-week tops beyond 95.70 although it run out of steam soon afterwards.
  • A move above the key short-term (now support) line opens the door for a continuation of the rally, with immediate target at the 50% retracement of the 2017-2018 drop at 96.04.
  • In case the upside impetus gathers extra pace, the so far yearly tops just below 97.00 the figure should come to the fore.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

Daily high: 95.74

Daily low: 95.26

Support Levels

S1: 95.07

S2: 94.85

S3: 94.70

Resistance Levels

R1: 95.44

R2: 95.59

R3: 95.81