- DXY has broken minor resistance at 97.56 and jumped till 97.87 yesterday. It is currently trading around 97.61.
- On the higher side, near term resistance is around 98.07 (May 18th high) and any break above will take the index till 98.88 (89- 4H EMA)/99.25.
- On the lower side, major support is around 96.40 (61.8% fibo) and any break below will take the index down till 95.90/95.
- Short term bullish invalidation only below 95.90.
It is good to buy on dips around 97.50 with SL around 97 for the TP of 98.07/98.80.
