DOLLAR INDEX
The US Dollar Index is trading below the resistance level of 101.25$, and prices are likely to target the support level of 98.00$. This scenario would be invalidated if the resistance level of 101.25$ is breached upwards.
Support |
98.00 | 95.80 | – |
Resistance | 101.25 | 103.25 |
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The dollar’s retreat to 99.67 really highlights how much weight investors are placing on external economic signals. I’ll be watching the Fed’s speech closely—any hawkishness might challenge that 98.00 support.
Great breakdown of the DXY’s current levels. With global trade tensions and key economic data coming up, it’s going to be interesting to see if the dollar can hold above 98.00 or if we’ll see a deeper pullback. The next few weeks should provide more clarity on its direction.