Major resistance 97.40 (trend line joining 95.15 and 96.98)
DXY is showing minor sell-off after a minor jump above 97. The index hits high of 97.20 and is currently trading around 96.56.
The near term support is around 96.35 (10- day MA) and any violation below targets 95.90 (20- day MA)/95.40. Minor weakness below 95.05 (89- day EMA).
The major resistance is around 97.40 and any break above targets 98/98.60.
It is good to sell on rallies around 96.75-80 with SL around 97.20 for the TP of 95.10.
Resistance
R1- 97.40
R2 - 98
R3- 98.60
Support
S1- 96.35
S2- 95.90
S3- 95.40
