Macro approach:
- The US dollar index extended its advance as US Treasury yields surged after peace talks stalled.
- Yields rose across the curve amid growing concern about US debt sustainability and persistent inflation risks tied to prolonged geopolitical tensions.
- The US dollar may remain supported as markets price in further Fed policy tightening.
Technical approach:
- After retesting EMA21, DXY bounced toward the previous swing high. The index is above both diverging bullish EMAs and the ascending trendline, suggesting an uptrend extension potential.
- If DXY closes above 101.30, the index may raise toward the following resistance at 101.70.
- On the contrary, remaining below 101.30 and closing below the ascending trendline may prompt a correction toward the immediate support at 101.00.
Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness
- The US dollar index extended its advance as US Treasury yields surged after peace talks stalled.
- Yields rose across the curve amid growing concern about US debt sustainability and persistent inflation risks tied to prolonged geopolitical tensions.
- The US dollar may remain supported as markets price in further Fed policy tightening.
Technical approach:
- After retesting EMA21, DXY bounced toward the previous swing high. The index is above both diverging bullish EMAs and the ascending trendline, suggesting an uptrend extension potential.
- If DXY closes above 101.30, the index may raise toward the following resistance at 101.70.
- On the contrary, remaining below 101.30 and closing below the ascending trendline may prompt a correction toward the immediate support at 101.00.
Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.