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2025-09-12 21:55:51
[US Dollar Index Technical Analysis] The 10-minute candlestick chart shows the upper Bollinger Band at 97.8253, the lower Bollinger Band at 97.5865, and the middle Bollinger Band at 97.7059. The latest price is hovering around 97.75, a slight pullback from the previous peak at 97.8560, but still trading at a high level near the upper band. The band is showing signs of convergence after its earlier expansion, suggesting the short-term uptrend is entering a cycle of consolidation, retesting, and re-selecting a new direction. If the price continues to slide below the upper band without a clear breakout above 97.8253, it would be considered a pullback to the middle band after resistance at the upper band, with 97.7059 becoming the primary dynamic support level. If the middle band is broken and the band opens again, 97.5865 and even lower, 97.4719 (the recent low), would form the key support band below. Conversely, if it quickly recovers and stabilizes above 97.8253, accompanied by a long-term bullish trend with large volume, there's a chance it could retest 97.8560, or even trigger a breakout. The MACD indicator shows a DIFF of 0.0292, a DEA of 0.0279, and a MACD-Histogram of 0.0025. The fast and slow lines remain above zero, but the bars are shortening, suggesting a shift in momentum from "strong amplification" to "high-level blunting." The Relative Strength Index (RSI) reading is near 55.2838, in neutral to bullish territory and not yet overbought. Combined with the Bollinger Bands pattern, this suggests the trend is intact, but requires a price breakout to generate renewed strength.
