- The US dollar can aim at 97.91, the lowest level since March 2022.
- The technical analysis suggests a predominant bearish bias since the RSI is maintained below level 50.
- The nine -day EMA in 99.38 appears as the immediate barrier.
The American dollar index (DXY), which measures the value of the US dollar (USD) compared to six main currencies, is falling after registering more than 0.5% profits in the previous session and quoting around 99.20 during Wednesday’s Asian hours.
In the daily chart, the technical analysis suggests a persistent bearish bias, with the index consolidating within a descending channel pattern. The DXY is maintained below the nine -day exponential (EMA) mobile average, indicating that the short -term impulse is weaker. In addition, the 14 -day relative force (RSI) index is positioned below level 50, indicating the predominant bearish bias.
In the lower part, the DXY could navigate around the area around 97.91, the lowest level since March 2022, which was recorded on April 21, aligned with the lower limit of the descending channel around 97.80.
The US dollar index can aim at the immediate barrier in the nine -day EMA of 99.39, followed by the upper limit of the descending channel around 100.30. A rupture above this crucial resistance zone could cause the appearance of the bullish bias and take the index to test the 50 -day EMA at the level of 100.81. Additional advances would reinforce the impulse of short -term prices and lead the DXY to explore the region around three months in 104.37, reached on April 1.
Dollar index: daily graphic
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the weakest currency against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | -0.02% | 0.06% | -0.02% | -0.03% | -0.06% | -0.04% | |
| EUR | 0.03% | -0.01% | 0.07% | 0.00% | 0.00% | -0.04% | -0.02% | |
| GBP | 0.02% | 0.00% | 0.02% | 0.00% | 0.01% | -0.03% | -0.01% | |
| JPY | -0.06% | -0.07% | -0.02% | -0.05% | -0.13% | -0.05% | -0.06% | |
| CAD | 0.02% | -0.01% | -0.00% | 0.05% | -0.01% | -0.05% | -0.03% | |
| Aud | 0.03% | -0.00% | -0.01% | 0.13% | 0.01% | -0.04% | -0.02% | |
| NZD | 0.06% | 0.04% | 0.03% | 0.05% | 0.05% | 0.04% | 0.02% | |
| CHF | 0.04% | 0.02% | 0.01% | 0.06% | 0.03% | 0.02% | -0.02% |
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.
