- 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