The Dollar Index is trading at $105.668, down 0.02%. The pivot point is at $105.777, marked by the green line. Immediate resistance levels are $105.973, $106.148, and $106.313, indicating potential upward movement.
On the downside, immediate support is found at $105.532, with further support at $105.326 and $105.159. The 50-day Exponential Moving Average (EMA) is at $105.391, while the 200-day EMA is at $105.053.
These technical indicators suggest a bearish outlook below $105.777. However, a break above this level could shift the bias to bullish.
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. Expert in trading psychology and sentiment.