Major Support- 98 (55- day EMA)
DXY is trading higher for 2nd consecutive days and jumped more than 50 pips from 98.31. The index has formed a temporary top around 99.35 and declined till 97.86 (almost a double bottom). The escalation of geopolitical tension in the Middle East after the attack on the drone in Saudi is supporting the dollar at lower levels. It is currently trading around 98.71.
According to the CME Fed watch tool, the chance of 25 bps rate cut has declined from 55.1% 1 day ago to 48.7% and 50 bps cut increased to 51.3% from 44.9%.
On the flip side near term, major support is around 98.35 (21- day MA) and any break below will drag the index till 98/97.85 is possible. Major weakness only below 97.85.
The near term resistance is around 98.75 and any violation above targets 99.10/99.35.
It is good to buy on dips around 98.50-55 with SL around 98 for the TP of 99.35/100.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Woodies pivot (Major)
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains 



