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  • DXY is seeing some light at the end of the tunnel following the sharp Fed-induced sell-off to the vicinity of 95.70 on Wednesday, around the key 200-day SMA.
  • A breach of this area of support should allow for a retracement to 95.16, late January low.
  • On the broader picture, the greenback’s stance still appears constructive while above the short-term support line, today at 95.51.

DXY daily chart