DXY Technical Analysis: Further upside now targets the 96.00 mark

• DXY appears on a firm note during the first half of the week, surpassing the 95.00 handle and retaking the area above the key resistance line.
• If the upside momentum persists, the next relevant level should be 96.04, the 50% Fibo retracement of the 2017-2018 drop, ahead of YTD peaks in levels just shy of the 97.00 milestone.
• The constructive scenario for the buck should remain in place as long as the support line around 95.00 underpins. Collaborating with this view, the index keeps trading above the daily cloud.

DXY daily chart

Daily high: 95.60

Daily low: 95.12

Support Levels

S1: 95.01

S2: 94.91

S3: 94.80

Resistance Levels

R1: 95.22

R2: 95.33

R3: 95.43