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  • After a promising start of the week, the index left behind part of the initial move to the vicinity of 95.40 and is now approaching the critical support at 95.00 the figure.
  • The 95.40 region now emerges as the immediate interim hurdle ahead of a potential recovery to the support line, today at 95.54. This resistance area is also reinforced by the proximity of the base of the daily cloud.
  • Further up lies September’s peak at 95.74 seconded by the 50% Fibo retracement of the 2017-2018 drop at 96.04.

DXY daily chart

 

 

 

 

 

 

Daily high: 95.33

Daily low: 95.00

Support Levels

S1: 94.95

S2: 94.71

S3: 94.50

Resistance Levels

R1: 95.40

R2: 95.61

R3: 95.85