DXY Technical Analysis: Hourly support emerged just above 95.50

  • YTD peaks in levels beyond 96.00 the figure, where it is now looking to consolidate.
  • The constructive stance stays unchanged around the buck while above the short-term support line, today just below 94.50. In the daily chart, interim contention emerges in the 94.91/95.11 band, where aligns the 21-day SMA, recent lows, the 10-day SMA and the 200-hour SMA.
  • In the hourly chart, quite decent support emerges in the 95.55 region for the time being.
  • In terms of significant resistance levels, there is nothing until 97.87, the 61.8% Fibo of the 2017-2018 drop and June’s 2017 peak.

DXY daily chart

 

 

 

 

 

Daily high: 96.18

Daily low: 95.53

 

Support Levels

S1: 95.23

S2: 94.83

S3: 94.64

Resistance Levels

R1: 95.82

R2: 96.01

R3: 96.41

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