Major resistance- 97
The index is trading steady for fifth consecutive day and hits high of 96.79 at the time of writing .It is in bullish phase and major sell-off in global stock market is upporting US dollar index. It is currently trading around 96.76. Short term trend is bullish as long as support 96 (7- day MA) holds. Markets eye US GDP data.
On the higher side, any break above 97 high made on Aug 15th 2018 confirms major bullishness and a jump till 98/98.60 likely. Major trend reversal only above 97.
The near term major support is around 96.03(7 day MA) and any violation below targets 95.49/94.87 (89- day EMA).
It is good to buy on dips around 96. with SL around 95.40 for the TP of 97.
