- Analytics
- News and Tools
- Market News
- US Dollar Index to resume its trend higher towards the five-year range at 102/102.50 – Credit Suisse
US Dollar Index to resume its trend higher towards the five-year range at 102/102.50 – Credit Suisse
The US Dollar Index (DXY) remains in a consolidation phase following its impressive run higher. Still, economists at Credit Suisse stay bullish for a move to the top of the five-year range at 102/102.50.
DXY needs to hold support at 98.73/42 to avoid a near-term top
“Whilst we have concerns regarding momentum our bias remains, for now, to view this as a temporary pause ahead of a resumption of the core uptrend in due course to the 78.6% retracement of the 2020/2021 fall at 100.00/04 and eventually the top of the five-year range at 102.00/102.50.”
“Key for the DXY is a cluster of supports including its recent lows and 55-day average at 98.73/42. This needs to hold to maintain the current range for a move back to 99.42 and then 100.00/04.”
“Below 98.73/42 would see a top established to suggest the USD can retrace lower through the early phase of Q2 with support seen next at the uptrend at 98.26, with the ‘measured top objective’ at 96.05/00, where we would start to look for a fresh floor.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
