DXY Technical Analysis: looking for follow through after bullish ‘outside day’ candle. DXY needs to close above 94.80.

• The index tested and rebounded from the short-term support line near the 94.00 handle on Thursday, charting a bullish ‘outside day’.
• Market remains constructive, although the buck needs to close above recent tops in the vicinity of 94.90 in order to allow for extra gains.
• A close above 94.85/90 should open the door for a test of the psychological handle at 95.00 the figure ahead of 2018 peaks in the 95.60/65 band.
• While above the support line – today at 94.19 – the index should keep the positive bias.

DXY daily chart / bullish 'outside days'

Daily high: 94.83

Daily low: 94.64

Support Levels

S1: 94.31

S2: 93.84

S3: 93.61

Resistance Levels

R1: 95.01

R2: 95.24

R3: 95.71