Major support- 97.80
US dollar index is consolidating in a narrow range between 97.86 and 98.74 for the past 3 trading days. Markets eye US Fed monetary policy and dot pot for further direction. According to the CME Fed watch monitor tool, the chance of 25 bps rate cut increased to 61.2% from 48.5% one day ago and the probability of keeping rates on hold declined to 38.8% from 51.2%%. It hits an intraday high of 98.50 and is currently trading around 98.36.
The near term resistance is around 99 and any break above will take the index to high 99.35 made on Sep 3rd, 2019. The bullish continuation can be seen only above 99.35.
On the flip side, near term support is around 98.21 (21- day MA) and any break below will drag the DXY to level 97.83/97. Major weakness only below 97 levels.
It is good to buy on dips around 97.85-90 with SL around 97.40 for the TP of 99.35.


FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Woodies pivot (Major)
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 



