DXY Technical Analysis: Down move could see the 93.70 area tested

• DXY is extending the leg lower for yet another session and has now broken below the critical short-term support line, allowing for further downside.
• The pick up in the selling bias could drag the buck to its initial support in the 94.20/08 band, where emerges a retracement of the 2017-2018 and late July’s lows.
• If cleared, July’s low in the 93.70 area should appear on the horizon.

DXY daily chart

Daily high: 94.92

Daily low: 94.60

Support Levels

S1: 94.53

S2: 94.30

S3: 93.91

Resistance Levels

R1: 95.15

R2: 95.54

R3: 95.77