DXY Technical Analysis: The greenback appears consolidative near term. Strong support emerged at 94.45

• The index is fading part of yesterday’s advance and is returning to the 94.70/65 band, always with headlines from the EM FX space and US-China trade spat as exclusive drivers of the global sentiment.
• DXY is now attempting to stabilize just below the (now) support line off June’s low in the 93.70 region, today around 94.90 and coincident with recent weekly peaks.
• The resurgence of the upside momentum should meet interim hurdle at recent tops around 94.90. This area is reinforced by the proximity of the 10-day SMA at 95.07, all ahead of the 95.70/75 band, tops seen earlier in the month.

DXY daily chart

Daily high: 94.82

Daily low: 94.55

Support Levels

S1: 94.47

S2: 94.25

S3: 94.04

Resistance Levels

R1: 94.90

R2: 95.11

R3: 95.33