USD Index: Weekly close below 104.00 should add to negative technical pressure – Scotiabank
Source Fxstreet
The US Dollar Index (DXY) is mild lift on the day. Economists at Scotiabank analyze the index outlook.
Upside potential remains limited
The USD seems to be stretching its yield-based valuation somewhat and upside potential remains limited without new motivation for markets.
There is a hint of USD vulnerability on the weekly DXY chart. The Index closed well off last week’s high, suggesting a rejection of the 61.8% retracement of the DXY’s Q4 decline (104.77). A lower close this week (below 104.00) should add to negative technical pressure on the USD generally.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin Cash (BCH) NewsTradingKey - On December 4, 2025, Bitcoin Cash (BCH) led the crypto market, surging over 8% to near $600, pushing its market capitalization into the global top 10. In the past y
EMJ Capital CEO Eric Jackson predicts Bitcoin could hit $50 million by 2041, arguing it will replace the Eurodollar system as the neutral collateral layer for global sovereign debt.
Bitcoin experiences significant volatility, dropping toward $87,000 ahead of a crucial Federal Reserve interest-rate decision.
The AUD/USD pair enters a bullish consolidation phase at the start of a new week and oscillates in a narrow range near its highest level since September 16, touched on Friday.
The crypto market remains unsettled two months after the "October 10" liquidation wave, one of its largest ever. Bitcoin's price has erased all its year-to-date gains, quieting prediction
