The Greenback remains bid on improved risk sentiment in the markets.
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Technical indicators have a neutral to slightly bullish bias on the daily charts .
Price action has broken above 50-DMA 0.00% and we see scope for test of major trendline resistance at 111.75.
We see scope for further upside only on decisive break above. Test of 78.6% Fib at 112.57 then likely.
On the flipside, break below 50-DMA 0.00% could see retrace till 110-EMA at 110.48.
Support levels - 111.16 (5-DMA), 110.91 (55-EMA), 110.87 (61.8% Fib), 110.48 (110-EMA)
Resistance levels - 111.75 ( trendline ), 112.15 (Aug 1 high), 112.57 (78.6% Fib)
Good to go long on dips, SL: 110.90, TP: 111.75/ 112/ 112.15/ 112.55