Search ForexCrunch
  • DXY is trading a tad below recent tops in the boundaries of 96.90, challenging the critical support at the 200-day SM in the 96.60 region.
  • This significant area of contention is also reinforced by the multi-month resistance line, today at 96.73.
  • Immediately above emerges the 100-day SMA at 97.08 ahead of the 55-day SMA at 97.31, considered interim hurdles and the last defence of a test of June tops near 97.80.

DXY daily chart