Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe. Prices declined after rejecting lower from the FVG zone around the 97.25 level, and currently prices are trading around 96.51. The US Dollar is expected to continue declining during the day.
Key Economic News:
The US Dollar is awaiting today’s Non-Farm Payrolls (NFP) data, Average Hourly Earnings figures, and the Unemployment Rate data, which are expected to impact the US Dollar Index.
Liquidity Levels:
Prices are expected to decline toward 96.25, then 95.55, and then 94.95.
The bearish scenario will be invalidated if prices reach 97.50.
