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- Major resistance -96.80
- Major support – 95.75 (trend line joining 94.99 and 95.34).
- U.S dollar index has broken major resistance 96.80 and jumped till 97.27 at the time of writing. It is currently trading around 97.27.
- The index has broken major resistance and this confirms major trend reversal , a jump till 98/98.60/99 is possible .
- On the lower side, major support is around 96.59 (61.8% retracement of 95.83 and 96.78) and violation below targets 96.15/95.80/95.20 (200 4H MA).
It is good to buy on dips around 97 with SL around 95.81 for the TP of 98.60/99.
