DXY Technical Analysis: Correction lower could be temporary

DXY is losing further momentum in the wake of the release of September’s Non-farm Payrolls, although the decline appears to have met decent support in the boundaries of the key short-term support line around 95.60.
As long as this line holds, another test of recent tops beyond 96.00 the figure and the 50% Fibo retracement of the 2017-2018 drop at 96.04 is not ruled out in the near term.
A break below this support zone should see of this region should see the 55-day SMA at 95.11 and the 10-day SMA at 95.05 retested

DXY daily chart

Dollar Index Spot

Overview:
    Last Price: 95.63
    Daily change: -13 pips
    Daily change: -0.136%
    Daily Open: 95.76
Trends:
    Daily SMA20: 94.86
    Daily SMA50: 95.15
    Daily SMA100: 94.77
    Daily SMA200: 92.67
Levels:
    Daily High: 96.12
    Daily Low: 95.56
    Weekly High: 95.37
    Weekly Low: 93.84
    Monthly High: 95.74
    Monthly Low: 93.81
    Daily Fibonacci 38.2%: 95.77
    Daily Fibonacci 61.8%: 95.91
    Daily Pivot Point S1: 95.51
    Daily Pivot Point S2: 95.25
    Daily Pivot Point S3: 94.95
    Daily Pivot Point R1: 96.07
    Daily Pivot Point R2: 96.37
    Daily Pivot Point R3: 96.63

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