- U.S dollar index has shown a minor jump till 95.05 at the time of writing after hitting low of 94.48. It is currently trading around 94.76.
- In the daily chart, index upside capped by 5- day MA at 95.10 and any break above will take the DXY till 95.50/95.79 (38.2% fibo).
- On the lower side, any close below 94.60 will drag the index till 94.20/93 in the short term.
- Short term bearish invalidation only above 97.87.
It is good to sell on rallies around 94.75-94.80 with SL around 95.29 for the TP of 94.20/93.
