Major Resistance - 98.30-35
US dollar index is trading higher for the past 5 trading days and jumped more than 50 pips from yesterday's low of 97.82. The index has formed a minor bottom around 97 levels and any major weakness can be seen only beneath that level. It hits a high of 98.33 and is currently trading around 97.93.
According to the CME Fed watch tool, the probability of the central bank to keep rates unchanged at 94.8% vs 88.2% 1-week ago.
On the flip side, near term support is around 98.03, any violation below will drag the index down till 97.70/97.40. Major bearish renewal only under 97 levels.
The major resistance is at 98.30-35, violation above that level targets 98.60/99. Major bullish continuation only over 99.67.
It is good to buy on dips around 98.15-20 with SL 97.75 for the TP of 99.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: GBP/USD rises as soft US data pressures dollar
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Major Crypto levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum 



