- 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).
It is good to sell on rallies around 99.75 with SL around 100.05 for the TP of 99.25/98.85
Resistance
R1-100.05
R2 -100.55
R3- 100.75
Support
S1-99.55
S2-99.25
S3-98.85