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- Major resistance -97 (20 day 4 H EMA)
- Major support - 95.60
- DXY has retreated after making a high of 98.42. It is currently trading around 96.69.
- Short term trend is slightly bullish as long as support 95.60 holds.
- On the lower side any break below 95.60 confirms minor trend reversal, a decline till 95/94.80/94.34 is possible.
- Any break above major resistance 97 will take the index till 97.60/98.05/98.60.
It is good to buy at dips around 96.20-96.25 with SL around 95.60 for the TP of 97.60/98.40
