- The US dollar index can test immediate support in the 9 -day EMA of 104.17.
- The 14 -day RSI is maintained below 50, reinforcing the bearish trend.
- The initial resistance is observed in the 50 -day EMA in 105.62.
The American dollar index (DXY), which measures the US dollar (USD) compared to six main currencies, has renounced its recent profits from the previous session, oscillating about 104.30 during Thursday’s Asian negotiation hours. The technical analysis of the daily chart indicates a persistent bearish trend, with the index in downward trend within a descending channel.
In addition, the 14 -day relative force (RSI) index remains below 50, reinforcing the bassist perspective. However, the dollar index remains above the 9 -day exponential (EMA) mobile average, suggesting an improvement in the impulse of the short -term price.
Down, the dollar index could test the immediate support in the 9 -day EMA of 104.17, followed by the minimum of four months of 103.34, registered on November 6. A decisive breakdown below this crucial support area could weaken the impulse of the short -term price, potentially leading to the index towards the minimum of five months of 100.68.
The DXY can explore the region around the 50 -day EMA in 105.62, aligned with the upper limit of the descending channel. A rupture above this level could reinforce the upward trend and support the index to approach 110.18, the highest level since November 2022.
Dollar index: daily graphic
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. US dollar was the weakest currency against pound sterling.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.23% | -0.25% | -0.23% | 0.00% | -0.18% | -0.22% | -0.07% | |
| EUR | 0.23% | -0.04% | 0.00% | 0.22% | 0.01% | -0.00% | 0.15% | |
| GBP | 0.25% | 0.04% | 0.04% | 0.26% | 0.06% | 0.02% | 0.16% | |
| JPY | 0.23% | 0.00% | -0.04% | 0.23% | 0.01% | -0.02% | 0.13% | |
| CAD | -0.01% | -0.22% | -0.26% | -0.23% | -0.18% | -0.22% | -0.09% | |
| Aud | 0.18% | -0.01% | -0.06% | -0.01% | 0.18% | -0.02% | 0.11% | |
| NZD | 0.22% | 0.00% | -0.02% | 0.02% | 0.22% | 0.02% | 0.13% | |
| CHF | 0.07% | -0.15% | -0.16% | -0.13% | 0.09% | -0.11% | -0.13% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
