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DXY is trading weak for 10 th consecutive day and declined nearly 150 pips from the high of 97.37. it hits low of 95.88 and is currently trading around 96.01.
On the higher side near term resistance is around 96.30-.35 (50- day MA) and any close above targets 96.68-78. It should break above 96.78 for further bullishness. Overall bearish invalidation only above 97.71.
The near term support is around 95.90 and any break below targets 95.60 (200- day MA)/ 95.18 (300-day EMA).
It is good to sell on rallies around 96.10-15 with SL around 96.40 for the TP of 95.60/95.20.
