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 …
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.
