FX July 22, 2021 / 07:44 am UTC

Chart USD Index DXY Update: Extending rejection from 93.19 high

By PakLai Ng


Levels
Imp
Comment


Levels
Imp
Comment
R4
93.65*congestion

S1
92.41*18 Jul high
R3
93.44
**31 Mar YTD high

S2
92.27

15 Jul low
R2
93.19*21 Jul high

S3
92.08*12 Jul low
R1
92.85
7 Jul high

S4
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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