US Dollar Index Price Forecast: Hovers around 100.50 near fresh 10-month highs
- US Dollar Index hit a 10-month high of 100.64 on Tuesday.
- The 14-day Relative Strength Index in the low 60s signals sustained buying pressure.
- The DXY may find immediate support at the nine-day EMA of 99.97.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after five days of gains and hovering around 100.50 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the dollar index is moving sideways within the ascending channel pattern, suggesting a persistent bullish bias.
The near-term bias is bullish as the US Dollar Index holds well above the rising 50-day Exponential Moving Average (EMA), with the nine-day average tracking just below spot and reinforcing short-term upside control.
Momentum signals support a bullish stance, with the 14-day Relative Strength Index (RSI) hovering in the low 60s after gaining from neutral territory, indicating sustained buying pressure rather than exhaustion.
The US Dollar Index has inched lower after hitting a 10-month high of 100.64 earlier in the day. The DXY may further appreciate toward the upper boundary of the ascending channel around 101.90.
On the downside, the primary support lies at the nine-day EMA of 99.97. A break below this level would weaken the short-term price momentum and lead the US Dollar Index to test the lower ascending channel boundary around 99.40, followed by the 50-day EMA at 98.88.
(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 British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.00% | -0.08% | -0.02% | 0.08% | 0.07% | 0.22% | 0.05% | |
| EUR | 0.00% | -0.06% | 0.04% | 0.12% | 0.11% | 0.25% | 0.08% | |
| GBP | 0.08% | 0.06% | 0.08% | 0.19% | 0.17% | 0.31% | 0.16% | |
| JPY | 0.02% | -0.04% | -0.08% | 0.09% | 0.08% | 0.21% | 0.07% | |
| CAD | -0.08% | -0.12% | -0.19% | -0.09% | -0.01% | 0.13% | -0.02% | |
| AUD | -0.07% | -0.11% | -0.17% | -0.08% | 0.01% | 0.15% | -0.01% | |
| NZD | -0.22% | -0.25% | -0.31% | -0.21% | -0.13% | -0.15% | -0.17% | |
| CHF | -0.05% | -0.08% | -0.16% | -0.07% | 0.02% | 0.01% | 0.17% |
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).
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
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