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- U.S dollar index has slightly declined after hitting high of 93.95 yesterday. It is currently trading around 93.48.
- In the daily chart, index upside capped by 10 day MA at 94.15 and any break above will take the DXY till 94.86 (21- day EMA)/95.36 (daily Kijun-Sen).
- On the lower side, any close below 93 will drag the index till 90 in the short term.
- Short term bearish invalidation only above 97.87.
It is good to sell on rallies around 9375-93.80 with SL around 94.35 for the TP of 93/91.95.
