DXY Technical Analysis: The index is flirting with key resistance line. Now targets 96.04

• The index is prolonging the rally on Wednesday, reverting the initial negative tone and now posting gains for the sixth session in a row.
• DXY is now eroding the critical resistance line off June’s low, today at 95.57 and has once again the immediate target at 96.04, the 50% retracement of the 2017-2018 drop.
• Further north lies the 2018 tops at levels just below 97.00 the figure seen on August 15.

DXY daily chart

Daily high: 95.63

Daily low: 95.25

Support Levels

S1: 95.25

S2: 95.02

S3: 94.77

Resistance Levels

R1: 95.73

R2: 95.98

R3: 96.21