DXY Technical Analysis: Now looks to YTD peaks in the 95.60/65 band

• The move higher in the index remains well and sound on Monday and is now targeting the area of YTD peaks in the 95.60 area.
• DXY now needs to surpass and close above highs seen around a year ago to open the door to a visit of the key 96.00 handle and above where lies the 50% Fibo retracement of the 2017-2018 drop (96.04).
• Furthermore, the upside bias in the buck should remain unaltered as long as the short-term support line underpins, today at 94.35.

DXY daily charts

Daily high: 95.52

Daily low: 95.20

Support Levels

S1: 95.01

S2: 94.79

S3: 94.61

Resistance Levels

R1: 95.41

R2: 95.59

R3: 95.81