FX July 22, 2021 / 07:44 am UTC

Chart USD Index DXY Update: Extending rejection from 93.19 high

By PakLai Ng



92.41*18 Jul high
**31 Mar YTD high


15 Jul low
93.19*21 Jul high

92.08*12 Jul low
7 Jul high

92.00*6 Jul low

Asterisk denotes strength of level

07:35 GMT - Failure to sustain break of the 93.00 level keeps the Mar YTD high at 93.44 out of reach. Pullback from the 93.19 high to break the 92.85 support threatens deeper correction to the 92.41 support then the 92.08/92.00 area. Meanwhile, resistance is now at 92.85/93.00 area then the 93.19 high. Clearance needed to expose the 93.44 high to retest and further extend the broader recovery from the 89.21, Jan YTD low.

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