- The greenback is picking up extra pace following the FMOC meeting, increasing selling pressure around the risk-associated space and auspicious US docket.
- The index has moved higher and is now eyeing the critical 95.00 handle, where coincide the 55-day SMA and September 14 high.
- The ongoing correction higher in DXY remains underpinned by the short-term support line, today at 93.85. This support area is reinforced by last week’s low near 93.80.
DXY daily chart
Daily high: 94.77
Daily low: 94.21
Support Levels
S1: 94.03
S2: 93.67
S3: 93.58
Resistance Levels
R1: 94.48
R2: 94.67
R3: 94.93
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