- The index is now seeing some relief and manages to regain the positive territory after four consecutive daily pullbacks, finding decent contention in the 94.40 zone once again.
- This area of support is reinforced by the proximity of the 100-day SMA (94.48). The loss of this area could spark a deeper retracement to the Fibo retracement of the 2017-2018 drop at 94.08 and a potential test of July’s low at 93.71.
- Looking north, DXY should regain the (now) resistance line at 95.20, although the 55-day SMA (95.05), the 10-day SMA (95.06) and the 21-day SMA (95.13) should offer interim resistance.
DXY daily chart
Daily high: 94.76
Daily low: 94.36
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