Ichimoku (Daily Chart)
Tenken-Sen- 94.69
Kijun-Sen -95.29
Trend reversal Level-93.70
As per our analysis DXY is trading weak after a minor pullback till 94.73. The pair is trading weak for the day and has broken major support 94.30. It hits low of 93.81 at the time of writing and is currently trading around 93.88.
On the lower side, major support is around 93.71 and any convincing break below targets 93.20/92.57.
The near term major intraday resistance is around 94.25 (23.6% fib) and any violation above will take the index till 94.75/95/95.25/95.75.
It is good to sell on rallies 94.10-15 with SL around 94.40 for the TP of 93.25.
