- Major Resistance – 93.65 (Trend line joining 101.34 and 99.89).
- US Dollar index declined slightly after showing a slight jump above recovered sharply till 93.50 after hitting low of 91.53. It is currently trading around 93.25.
- The index has broken major resistance at 93.35 and this confirms trend reversal a jump till 94.15 likely The minor resistance is around 93.60.
- The index major support is at 92.89 (23.6% retracement of 91 and 93.50) and any break below targets 92.31 (daily Kijun-Sen)/92/91.50.
It is good to buy on dips around 93 with SL around 92.30 for the TP of 94.15/95.
