DXY Technical Analysis: The greenback stays under pressure around 95.00

• The buck remains vulnerable at the end of the week on a better mood around the risk-on complex, forcing DXY to extend the drop below the key 95.00 milestone.
• The key support area remains around the short-term support line near the 95.00 handle for the time being. This area is also reinforced by the 55-day SMA at 95.05, while the 10-day SMA is located at 94.98.
• The broader picture signals the prospect for the index should remain constructive while above the support line, although a breakdown of recent lows around 94.45/40 could accelerate the leg lower to, initially, July’s low at 93.71.

DXY daily chart 

Daily high: 95.08

Daily low: 94.88

Support Levels

S1: 94.90

S2: 94.77

S3: 94.62

Resistance Levels

R1: 95.18

R2: 95.33

R3: 95.46