$DXY closed higher on Friday as it extends this month's trading range. The mid-range close sets the stage for a steady opening on Monday.
Stochastics and the RSI are bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 82.85 are needed to confirm that a short-term low has been posted. If September renews the decline off July's high, the 50% retracement level of the April-July rally crossing at 81.64 is the next downside target.
First resistance is the 20-day moving average crossing at 82.85.
Second resistance is the reaction high crossing at 83.61.
First support is last Tuesday's low crossing at 82.06.
Second support is the 50% retracement level of the April-July rally crossing at 81.64.
