Major support- 100
Major resistance- 102
DXY showed a minor pullback due to short covering. It hi a high of 101.16 and is currently trading around 101.12.
Market eyes US GDP and Initial jobless claims for further direction.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 65.50% from 68% a week ago.
On the lower side, near-term support is around 100.60 and the violation below will drag the index down to 100/99.57/99/98. Significant resistance is around 101.20, and breach above targets 101.40/101.60/102. Overall bearish invalidation bearish invalidation only above 103.
It is good to sell on rallies around 101.20 with SL around 101.60 for a TP of 99.57/98..


FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD recovers some ground but bears are not done yet
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/JPY edges higher but bulls lack punch 



