Major Support- 98-98.20
US dollar index has once taken support near the trend line and shown a minor recovery. It hits a high of 98.58 and is currently trading around 98.52. DXY formed a temporary top around 99.67 and declined nearly 150 pips from that level. Markets eye US retail sales data for further direction.
According to the CME Fed watch tool, the probability of a 25 bps rate cut has declined from 83.4% to 72.7% and the chance of keeping unchanged increased to 27.3% from 27.8%.
On the flip side, major support is around 98.20 and any break below will take the index till 97.85/97.40.
The near term intraday resistance is around 98.60 and any violation targets 99/99.25. It should break above 99.70 for bullish continuation.
It is good to buy on dips around 98.20-25 with SL around 97.80 for the TP of 99.


Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary 



