Thursday, October 15, 2026

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FxWirePro:US Dollar Index downside capped by 23.6% retracement , good to buy on dips

Major resistance – 102.05 The U.S dollar index has formed a double bottom around 100.65 and started to recover from that level. . It is currently trading around 101.30. DXY downside is capped by 23.6% retracement of 95.8…

By FxWirePro Team
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FxWirePro:US Dollar Index downside capped by 23.6% retracement , good to buy on dips
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  • Major resistance – 102.05
     
  •  The U.S dollar index has formed a double bottom around 100.65 and started to recover from that level. . It is currently trading around 101.30.
     
  • DXY downside is capped by 23.6% retracement of 95.89 and 102.02 and any minor weakness can be seen only below that level.
     
  • The index is facing around 102.02 (161.8% retracement of 101.48 and 100.65) and any break above targets 102.93/105.
     
  • On the lower side, any break below 100.65 will drag the index down till 100/99.57.
     
  • Short term bullish invalidation only below 98.

    It is good to buy on dips around 101 with SL around 100.45 for the TP of 102.05/103

 

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By FxWirePro Team