DXY Technical Analysis: Positive outlook remains in place as long as 95.00 holds
|- The greenback has eroded its initial gains to the proximity of 95.60 following positive comments from EU’s M.Barnier on the Brexit negotiation.
- Critical support emerges at the 95.00 neighbourhood, where converge the 10-day SMA, 55-day SMA and the key short-term support line off June’s low at 93.71.
- The loss of this area should bring back recent lows around 94.45 to the fore ahead of July’s low around the 94.00 milestone.
DXY daily chart
Daily high: 95.57
Daily low: 95.03
Support Levels
S1: 95.04
S2: 94.67
S3: 94.46
Resistance Levels
R1: 95.62
R2: 95.83
R3: 96.20
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