Major intraday resistance – 100.05 (trend line joining 100.88 and 100.47).
Minor support – 99.55
DXY has shown a minor rebound from the low of 99.55 made on Mar 22nd 2017. The index jumped till 100 and started to decline from that level.
On the lower side, any break below 99.55 will drag the pair down till 99.25/98.89 (61.8% retracement of 95.89 and 103.82).
The near term resistance is around 100.05 and any break above targets 100.55 (38.2% retracement of 102.26 and 99.55)/100.75 (55- day EMA).
It is good to sell on rallies around 99.75 with SL around 100.05 for the TP OF 99.25/98.85
Minor support – 99.55
DXY has shown a minor rebound from the low of 99.55 made on Mar 22nd 2017. The index jumped till 100 and started to decline from that level.
On the lower side, any break below 99.55 will drag the pair down till 99.25/98.89 (61.8% retracement of 95.89 and 103.82).
The near term resistance is around 100.05 and any break above targets 100.55 (38.2% retracement of 102.26 and 99.55)/100.75 (55- day EMA).
It is good to sell on rallies around 99.75 with SL around 100.05 for the TP OF 99.25/98.85
