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Major support -96.65 (10- day MA)
DXY has formed a temporary top around 97.69 and shown a 100 pips decline till 96.77 The index has taken support near 10 day MA and shown a good recovery. It is currently trading around 97.15.
On the higher side , near term resistance is around 97.60 (trend line resistance) and any break above targets 98/98.60 level.
The near term major support is around 96.65 and any violation below targets 95.36 (89-day EMA)
It is good to buy on dips around 97 with SL around 96.60 for the TP of 98/98.55.
