DXY Technical Analysis: Still under pressure. Door open for a test of 93.80

• The index comes under further selling pressure on Tuesday and is now challenging the critical support at 94.00 the figure.
• The greenback appears sidelined, however, in the lower end of the recent range, while extra selling pressure could drag it to re-test recent lows in the 93.80 region, as well as the short-term support line.
• The greenback should ideally recover the 95.00 area - where coincide the 55-day SMA and September 14 high - to allow a test of 95.71 ahead of the 96.00 handle.

DXY daily chart

Daily high: 94.37

Daily low: 94.01

Support Levels

S1: 93.94

S2: 93.63

S3: 93.41

Resistance Levels

R1: 94.47

R2: 94.69

R3: 95.00