Black Pipper

Forex Dreamers

DXY: Betting up to 101.00 on a move

The bullish momentum on the DXY remains solid, now spreading movement to the area around the main hurdle at 100.50.

If buyers continue to push, the dollar may breakthrough monthly peaks near 101.00. From there, the only notable resistance emerges at the 2020 highs near 103.00, reached in mid-March.

The constructive bias remains unchanged as long as the DXY remains above the 200-day SMA, today at 98.27.

Technical Levels

S1 99.99
S2 99.64
S3 99.38

R1 100.59
R2 100.85
R3 101.20

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