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2025-09-17 17:00:26
US Dollar Index Technical Analysis: The weekly US Dollar Index is trading near the lower Bollinger Band (MB), with the middle Bollinger Band at 98.9338, the upper Bollinger Band at 102.3525, and the lower Bollinger Band at 95.5152. The recent candlestick chart has formed a small range between 96.3729 and 97.6500, significantly below the middle Bollinger Band, indicating that the downtrend remains dominant. Resistance levels at the highs of 107.3530 and 110.1699 are clearly emerging, while the previous low of 99.5494 has shifted from support to resistance. Indicator resonance: The DIFF of the MACD indicator is -1.3623, the DEA is -1.5016, and the MACD histogram is 0.2787, which means that the bearish momentum is weakening but still below the zero axis, which is more like a technical rebound from the previous oversold situation. The relative strength index RSI (14) is 33.9631, which is in the weak range of 30-40. If the middle Bollinger band cannot be recovered in the future, the RSI will likely remain at a low level. Comprehensively judging, 95.5152 (lower Bollinger band) and 96.3729 constitute the first support, and further support is expected to be around the integer of 95; the initial resistance above is 97.6500 and 98.9338 (middle Bollinger band), and strong resistance is at 100, 102.3525 and 107.3530. In the short term, if there is an effective break above 97.6500 and the MACD column turns red and expands, a "mean reversion" rebound can be confirmed, and the upper limit of the rebound should be 98.9338-100. On the contrary, if it falls below 96.3729 and is accompanied by an upward trend in volatility and an expansion of the entity, it will point to a retracement of 95.5152. At that time, we need to be alert to the accelerated decline after the passive opening of the lower track.
