DXY Technical Analysis: Decent contention emerged around 95.00, Upside capped by resistance line

• The index remains under pressure at the beginning of the week and is extending the recent offered bias, although moderate contention appeared once again in the 95.00 neighbourhood.
• Adding strength to this support area, the 21-day SMA and the 100-day SMA are located at 94.98 and 94.88, respectively.
• Immediate target on the upside is the 95.40 region, where converge recent lows and the base of the daily cloud, all ahead of the 10-day SMA at 95.49.
• Further up, the greenback should need to regain the now critical 96.00 area, coincident with a Fibo retracement of the 2017-2018 drop, a short-term resistance line and September’s peaks, to allow for extra gains.

DXY daily chart