Thursday, October 15, 2026

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FxWirePro: U.S dollar index faces strong support at 93.40,good to buy at dips

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…

By FxWire Pro
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FxWirePro: U.S dollar index faces strong support at 93.40,good to buy at dips
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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.

 

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