Major resistance - 97.80
DXY has shown a minor recovery till 97.69 and started to decline from that level. The overall trend is still weak as long as resistance 97.80 holds. US jobless claims declined 6000 to 212000 last week compared to a forecast of 216000 and durable goods orders fell 1.1% vs estimate of -0.5%. The weak economic data has increased hopes of further cuts by the Fed in the Oct 30th meeting. According to the CME Fed watch tool, the probability of a 25 bps rate cut increased to 93.5% from 84.4% 1- a week ago.
On the flip side, the near term major support is around 97 and any break below will drag the index down till 96.60/95.85.
The minor trend reversal can be seen only if breaks above 97.80 and any violation above targets 98.25/98.65.
It is good to sell on rallies around 97.65-70 with SL around 98 for the TP of 97.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Woodies pivot (Major)
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Crypto levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 



