Major support - 95.70 (trend line support)
DXY was trading lower for pat 10 days and has lost more than 2% from high of 97.71. The decline was mainly due to easing US-China trade tensions and dovish Fed. Fed dot plot shows that there will not be any rate hike in 2019 and one in 2020.The index hits low of 95.74 and jumped till 96.63. It is currently trading around 96.29.
On the lower side, it should break 95.75 (trend line joining 93.81 and 95.03) and any violation below will drag the DXY till 95.36 (300- day EMA)/95.03.
The near term resistance is 96.60 (20- day MA) and any close above will take the 96.96/97.37.The index should clear major resistance 97.71 for further bullishness.
It is good to sell on rallies around 96.60-65 with SL around 97.37 for the TP of 95.05


BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 



