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The US Dollar is at its highest level in two years

Technical Analysis
By Shady Fouad
The US Dollar is at its highest level in two years
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DOLLAR INDEX

مؤشر الدولار المريكى 14-1-2025

The US Dollar Index is trading below the resistance zone of 110.25, and it is likely that this area will limit the upward momentum in today’s trading.

Support

 108 107 105.60
Resistance 110.25 –

–

The US Dollar Index (DXY) witnessed a significant rise today, reaching 109.65 points, marking an increase of 0.43% compared to the previous close.

This rise is attributed to several factors, most notably:

  • Tight monetary policies: The Federal Reserve continues to adopt monetary policies aimed at combating inflation, enhancing the dollar’s appeal as an investment currency.

  • Positive economic data: Economic reports indicating sustained growth in the US economy have bolstered confidence in the dollar.

  • Geopolitical tensions: Increased tensions in some global regions have driven investors toward safe-haven assets, primarily the US dollar.

From a technical perspective, the dollar index is observed to be moving within an upward range, with strong support at the 108 level and resistance at 110.25.

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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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