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2025-10-31 18:16:26
[Key Levels for the Dollar: Weekly Closing Price to Determine Future Direction] ⑴ The dollar's closing position this week will be crucial for its movement in the coming days and weeks. ⑵ The dollar index remained volatile at high levels on Friday, after hitting a three-month high on Thursday. ⑶ Traders are digesting mixed signals from this week's central bank decisions, tech earnings reports, and the temporary suspension of tariffs between the US and China. ⑷ The dollar index has broken through the 99.515 Fibonacci resistance level, which is the 23.6% Fibonacci retracement level of the 2025 decline from 110.170 to 96.224. ⑸ The dollar left a significant low of 98.025 on October 17, forming technical support. ⑹ If the dollar closes above the 99.515 Fibonacci resistance level this week, it will increase the likelihood of the dollar attacking the 100.00 level. ⑺ Conversely, failure to achieve a weekly closing breakout suggests a risk of a dollar pullback. (8) The current market environment is full of uncertainty, and the direction of the US dollar will depend on the technical confirmation of this week's closing price.
