DXY: MA Hourly Band Providing Exciting Support @ 99.68

Since the DXY crossed above the MA band on the hourly chart early this month, it has been finding support at or very near this band. At the time, the band bottom is extremely close to yesterday lo 99.68, and this will be a very interesting support to watch for today. Following the direction of the index reaction away from this level sounds like a very good idea.

Munther T. Marji CMT