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The Dollar Keeps Rising

Technical Analysis
By Shady Fouad
The Dollar Keeps Rising
0 14

DOLLAR INDEX

مؤشر الدولار الأمريكى 9-1-2025

The US Dollar Index is trading above the support zone of 108, with a likely scenario of price increase and retesting the minor resistance level at 109.35. This scenario becomes invalid if the mentioned support zone is broken to the downside during today’s trading.

Support

 108 107 105.60
Resistance 109.35 110.25

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The US Dollar Index (DXY) witnessed a significant rise today, increasing by 0.49% to reach 108.905 points, its highest level since November 2022. This surge is attributed to investors’ expectations of prolonged high US interest rates, which enhance the dollar’s appeal as a safe haven.

From a technical perspective, the index has surpassed previous resistance levels, indicating the potential for continued bullish momentum in the near term. However, the index may face future challenges depending on upcoming economic and political developments.

Overall, the US Dollar Index demonstrates strong performance, supported by current monetary policies and economic expectations.

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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