Major support- 97
US dollar index has broken major support 97 after a long consolidation. Yesterday index hits low of 97 and shown a minor jump till 97.35.Overall trend is weak and lost more than 120 pips in past 3 trading session. US Fed dovish comments increased hopes of rate cut. The inverted yield curve showing chances of recession in US. The index hits intraday low of 96.96 and is currently trading around 96.98.
The near term major support is around 97 and any convincing break below confirms weakness a decline till 96.42/95.95 likely.
On the higher side, major resistance is around 97.42 (55-- day EMA) and any break above will take the index to next level till 97.80/98/98.25.
It is good to sell on rallies around 97.05-10 with SL around 97.40 for the TP of 95.95.


AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Pair levels and bias summary
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



