DXY Technical Analysis: The 21-day SMA at 95.55 offers initial resistance

• The greenback is prolonging the upside momentum and is looking to leave behind the key hurdle at 95.55, where sits the 21-day SMA.
• Extra gains should find initial barrier at 96.04, the 50% Fibo retracement of the 2017-2018 drop. Further north emerges the so far YTD peaks just below 97.00 the figure.
• In the meantime, the buck regained the constructive bias after surpassing the critical support line off June’s low, today just above the 95.00 handle.

DXY daily chart

Daily high: 95.67

Daily low: 95.28

Support Levels

S1: 95.12

S2: 94.81

S3: 94.50

Resistance Levels

R1: 95.74

R2: 96.05

R3: 96.36