Technical outlook:
US Dollar Index is seen to be trading around 92.88 levels at this point in writing and is expected to rally above 98.00 levels in the next few weeks time. Intraday support is seen around 92.50/60 and we can expect a bullish reversal if prices reach there. The recent boundary that is being worked upon is between 92.15 and 93.47 levels respectively. Also note that fibonacci 0.618 retracement is seen toward 92.65 levels (not seen on the daily chart presented here). Immediate resistance on the daily chart is towards 94.00 while support is seen around 92.15 levels respectively. Any bullish reversal from 92.65 reversal would target towards 94.00 and 98.00 in the next few weeks time.
Trading plan:
Remain long, stop @ 92.00, target @ 98.00
Good luck!
