DOLLAR_INDX,DXY H4 4 March 2024
DOLLAR_INDX, H4
The Dollar Index faced a decline last Friday as the market's risk sentiment underwent a shift.
Discouraging ISM manufacturing PMI readings weighed on the dollar, prompting investors to sell the currency and turn their attention to riskier assets. Throughout the upcoming week, several members of the Federal Reserve are scheduled to deliver speeches. These addresses are anticipated to provide insights into the Fed's potential monetary moves, influencing the trajectory of the dollar's strength.
The Dollar Index has declined but has found support at near 103.85, suggesting the bullish trend remains intact. Suggesting a neutral signal for the dollar index.
Resistance level: 104.50, 104.95
Support level: 103.70, 102.90
The Dollar Index faced a decline last Friday as the market's risk sentiment underwent a shift.
Discouraging ISM manufacturing PMI readings weighed on the dollar, prompting investors to sell the currency and turn their attention to riskier assets. Throughout the upcoming week, several members of the Federal Reserve are scheduled to deliver speeches. These addresses are anticipated to provide insights into the Fed's potential monetary moves, influencing the trajectory of the dollar's strength.
The Dollar Index has declined but has found support at near 103.85, suggesting the bullish trend remains intact. Suggesting a neutral signal for the dollar index.
Resistance level: 104.50, 104.95
Support level: 103.70, 102.90
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