Thursday, October 15, 2026

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FxWirePro:US Dollar Index downside capped by 38.2% fibo, good to buy on dips

Major support – 99.23 (38.2% retracement of 103.82 and 91.92). Major intraday resistance – 100.15 (5- day MA). U.S. Dollar index recovered sharply after declining till 99.23. It is currently trading around 100.08. The in…

By FxWirePro Team
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FxWirePro:US Dollar Index downside capped by 38.2% fibo, good to buy on dips
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  • Major support – 99.23 (38.2% retracement of  103.82 and 91.92).
     
  • Major intraday resistance – 100.15 (5- day MA).
     
  • U.S. Dollar index recovered sharply after declining till 99.23. It is currently trading around 100.08.
     
  • The index downside is capped by 38.2% fibo and any further weakness only below that level.           
          
  • On the higher side, any break above 100.15 (10- day MA) will take the index till 100.60 (trend line joining 103.82 and 102.95)/100.85.

    The major support is around 99.23 (38.2% fibo) and any break below targets 98.85/98.30.
     
  • Short term bullish invalidation only below 98.        

    It is good to buy on dips around 99.60 with SL around 99.20 for the TP of 100.60

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By FxWirePro Team