The Dollar Index is observed slightly down by 0.26%, trading at $106.192. The market’s pivot point is stationed at $105.927, around which the immediate market sentiment could pivot. If the index ascends beyond this threshold, resistance levels at $106.536, $107.097, and $107.608 will come into play.
Conversely, should the index fall, support might be found at $105.537, followed by more critical levels at $105.221 and $104.901, signaling potential areas of buyer interest.
The 50-Day Exponential Moving Average (EMA) currently sits at $105.684, suggesting minor bullish momentum, while the 200-Day EMA at $104.656 provides a longer-term baseline.
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.