Search ForexCrunch
  • The index is giving away part of the recent sharp move to levels above the 98.00 handle during last week, fresh YTD highs.
  • On the upside, the immediate target emerges in the mid-100.00s, where is located a Fibo retracement of the 2017-2018 drown move.
  • If the selling impulse extends further, another Fibo retracement at 97.89 is expected to hold the initial test. On a broader view, the outlook on the buck remains positive above the critical 200-day SMA at 96.15.

DXY daily chart