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FxWirePro: DXY trades above trend line resistance, jump till 97 likely

Trendline resistance- 95.95

 

The index is trading higher after along consolidation. It hits high of 96.16 and is currently trading around 95.94.

 

On the higher side, any break above 96.16 high made on Oct 9th 2018 and any break above targets 97. Major trend reversal only above 97.

 

The near term major support is around 95.40 and any violation below targets 95/94.77 (89- day EMA).

 

It is good to buy on dips around 95.75-80 with SL around 95.40 for the TP of 97.

 

 

 

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