Major support - 95.90 (20 day MA)
DXY is trading weak and lost more than 50 pips fro the day. The index hits high of 96.46 for the intraday. It is currently trading around 95.94.
The near term support is around 95.90 and any violation below will drag the index till 95.56 (55- day EMA)/95.20 (100 -day MA).
On the higher side, near term intraday major resistance is around 96.40 and any convincing break above targets 96.78/97/97.20. Any break above 97.40 (trend line joining 95.15 and 96.98) confirms bullish continuation.
It is good to sell on rallies around 96.25-30 with SL around 96.80 for the TP of 95.20.
