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  • 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