DXY Technical Analysis: Challenging key support around 94.30. Further downside exposed

• The index remains vulnerable today, down for yet another session and putting the key support area around 94.30 to the test.
• The weak note around DXY stays unchanged, particularly after breaking below the key short-term support line off June’s low at 93.19 (today at 95.29).
• Further downside could test 94.20 (38.2% Fibo retracement of the 2017-2018 drop) ahead of 94.08 (late July low).

DXY daily chart

Daily high: 94.61

Daily low: 94.30

Support Levels

S1: 94.32

S2: 94.11

S3: 93.79

Resistance Levels

R1: 94.85

R2: 95.17

R3: 95.38