Last updated 18.02.26
The DXY is currently at a key support zone which is make or break for this index. 88.50 has been previous support / resistance and together with an uptrend line in place since 2011, this level is an area which will bring a lot of action.
What is also interesting to note is that this level is the .618 Fibonacci retracement level from the 2014 low to the 2017 high.
Looking at the daily we can see a downtrend line in place since the start of 2017 which has kept price in check. If we were to see the DXY move into bullish territory, a break of this trend line, the D200 & D50 EMAs and a move above the 2017 low of 91 will be required – so quite a bit of work ahead.