DXY Technical Analysis: Ready to resume the upside? The greenback regains the resistance line and the 95.00 handle

• The greenback is looking to add to last Friday’s gains above the critical 95.00 the figure, while the breakout of the resistance line opened the door for a resumption of the upside pressure.
• On the other hand, the index remains well supported by the 94.50/45 band, last week’s lows.
• Further upside momentum should meet interim hurdle at the 21-day SMA at 95.54 ahead of recent tops around 95.70.

DXY daily chart

Daily high: 95.22

Daily low: 95.01

Support Levels

S1: 94.70

S2: 94.29

S3: 94.02

Resistance Levels

R1: 95.38

R2: 95.65

R3: 96.06