Major support - 93.40
- The US dollar index has once again recovered after making a low of 93.43. It is currently trading around 93.70.
- Short term trend is slightly bullish as long as support 93.40 holds.
- On the lower side, any break below 93.40 will drag the index down till 92.90/92.25.
- The index major resistance is at 94.30 and any violation above 94.30 will take the DXY to next level till 95/95.30.
It is good to buy at dips around 93.70 with SL around 93.25 for the TP of 94.30/95.
