US Dollar Index: Greenback bulls counter attack as DXY finds support near 93.20

  • The US Dollar Index (DXY) found some intraday support near 93.29, May 22 low breaking a descending trendline. 
  • Next likely scaling point for bulls is 93.66, 23.6% Fibonacci retracement (mid-April-late June bull run).

DXY 15-minute chart

Spot rate:                93.44
Relative change:    -0.22%     
High:                       93.63
Low:                        93.21

Trend:                     Short-term bullish above 93.29

Support 1:              93.29 May 22 low
Support 2:              92.81, 38% Fibonacci retracement (mid-April-late June bull run) 
Support 3:              92.24, May 14 swing low

Resistance 1:         93.66, 23.6% Fibonacci retracement (mid-April-late June bull run)  
Resistance 2:         94.45 June 1, swing high
Resistance 3:         95.03 current 2018 high

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