DXY is trading higher for the past 4 days and jumped more than 350 pips. The jump was mainly due to the outbreak of coronavirus has increased demand for Safe-haven assets like USD. It hits a high of 98.31 and is currently trading 97.80.
US markets declined sharply by 10% despite the injection of 1.5 trillion by the Fed into the financial system. US 10-year bond yield continues to trade higher and recovered more than 150% from a low of 0.36%.
Technically, near -term resistance is around 98 and any violation above will take the index to next level till 98.31/98.60/99.25.
On the flip side, immediate support stands at 97.40 and indicative break below targets 97/96.05 (61.8% fib).
It is good to buy on dips around 97.55-60 with SL around 97.20 for the TP of 98.60/99.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major Pair levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: USD/ZAR sustains gains as uptrend remains strong 



