Ichimoku Analysis (4-hour chart)
Tenken-Sen- 97.08
Kijun-Sen-96.95
DXY is trading higher for past 1-week and jumped more than 100 pips from low of 97.41. the jump was due to a slight increase in Safe-haven demand on US-Iran tension and better than expected US ISM services and ADP employment data. The index hits high of 97.50 at the time of writing and is currently trading around 97.41.
According to the Fed watch tool, the probability of rates to be unchanged has decreased to 90.6% from 95.6% and the chance of 25 bps rate cut jumped to 9.4% from 4.4%.
On the flip side, near term support is at 97.33 (200-4H EMA) and any violation below will drag the index down till 97.14/97/96.54.
The major resistance is around 97.85 and any indicative break above targets 98.25/98.60.
It is good to buy on dips around 97.35-40 with SL around 97.14 for the TP of 97.85.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



