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Ichimoku Analysis (Daily chart)
Tenken - Sen - 94.41
Kijun- Sen - 94.77
As per our analysis US dollar index recovered drastically almost more than 80 pips from the low of 94.21 made yesterday. US fed hawkish rate hike has supported USD.
The near term resistance is around 95.10 (cloud top) and any break above targets 95.42 (61.08% fib)/95.75. The index should close above 95.75 for further bullishness.
On the lower side, any break below 94.60 (100-day MA) will take the index to next level till 94/93.60.
It is good to buy on dips around 94.70-75 with SL around 94.30 for the TP of 95.75.
