US Dollar Index Price Forecast: Maintains position above 100.00, nine-day EMA
- US Dollar Index may rebound toward the 10-month high of 100.64.
- The 14-day Relative Strength Index is near 58, suggesting continued upward momentum.
- The primary support appears at the nine-day EMA of 99.95.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after two days of gains and trading around 100.10 during the Asian hours on Monday. The technical analysis of the daily chart shows that the dollar index is consolidating within the ascending channel pattern, suggesting a persistent bullish bias.
The near-term bias is mildly bullish as the US Dollar Index holds above both the nine-day and 50-day Exponential Moving Averages (EMAs), which continue to trend higher and confirm an established uptrend. The recent pullback from last week’s peak has been shallow, with the short-term average still tracking above the medium-term line, signaling ongoing buying interest on dips rather than a full loss of momentum.
The 14-day Relative Strength Index (RSI) around 58 stays in positive territory without reaching overbought conditions, indicating steady bullish pressure but not yet a stretched market.
The US Dollar Index may target the 10-month high of 100.64, which was recorded on March 31. Further advances would lead the DXY to explore the area around the upper boundary of the ascending channel around 102.40.
On the downside, the primary support lies at the nine-day EMA of 99.95, followed by the lower ascending channel boundary around 99.70. A break below the channel would put downward pressure on the US Dollar Index to test the 50-day EMA at 99.02.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.07% | -0.12% | -0.06% | -0.07% | -0.24% | -0.24% | 0.05% | |
| EUR | 0.07% | -0.04% | -0.02% | 0.01% | -0.18% | -0.20% | 0.10% | |
| GBP | 0.12% | 0.04% | 0.00% | 0.01% | -0.15% | -0.18% | 0.16% | |
| JPY | 0.06% | 0.02% | 0.00% | 0.01% | -0.19% | -0.20% | 0.11% | |
| CAD | 0.07% | -0.01% | -0.01% | -0.01% | -0.17% | -0.18% | 0.12% | |
| AUD | 0.24% | 0.18% | 0.15% | 0.19% | 0.17% | -0.02% | 0.30% | |
| NZD | 0.24% | 0.20% | 0.18% | 0.20% | 0.18% | 0.02% | 0.32% | |
| CHF | -0.05% | -0.10% | -0.16% | -0.11% | -0.12% | -0.30% | -0.32% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
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