DXY Technical Analysis: the greenback cleared 95.00 and now targets 2018 highs in the 95.50/55 band.

  • The greenback prolongs the rally for the fifth consecutive session on Friday and has left behind the critical milestone at 95.00 the figure.
  • DXY remains underpinned by sentiment while initial contention emerges at the 10-day SMA at 94.99. This area is reinforced by the hourly peak at 94.94 seen on Thursday.
  • Immediate target is now the area of 2018 peaks in the mid-95.00s. Once cleared, the psychological handle at 96.00 the figure should emerge in the horizon ahead of 96.51, monthly high July 2017.

DXY hourly chart

 

 

 

 

 

 

 

 

Daily high: 95.24

Daily low: 94.80

Support Levels

S1: 94.81 hourly low July 13

S2: 94.68 21-day SMA

S3: 94.48 10-day SMA

Resistance Levels

R1: 95.21 200-week SMA

R2: 95.53 2018 high June 28

R3: 96.00 psychological handle

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