The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after two days of gains and is trading around 99.20 during European hours on Monday. Technical analysis of the daily chart shows that the dollar index is moving upward within an ascending channel pattern, indicating a continuation of the bullish bias.
The US Dollar Index is holding above the bullish nine-day Exponential Moving Average (EMA) and the 50-day EMA, keeping the bias positive in the short term. The short-term average above the short-term average reinforces the control of the uptrend. The 14-day Relative Strength Index (RSI) at 58.57 is showing bullish momentum while remaining below the overbought threshold.
Immediate resistance is seen at the eight-week high of 99.57 recorded on December 2, followed by the upper boundary of the ascending channel around 99.70. A close through the channel barrier could extend gains towards the next maximum at the seven-month high of 100.26, which was recorded on August 1.
On the downside, the US Dollar Index is testing immediate support at the nine-day moving average at 99.06, which is in line with the psychological level of 99.00. A break below this level will weaken the short-term price momentum and expose the confluence support area around the 50-day EMA at 98.80 and the lower ascending channel boundary around 98.60. Further declines will target the area around 97.75, the lowest level since October 25.
(The technical analysis for this story was written with the help of an artificial intelligence tool.)
US dollar price today
The table below shows the percentage change in the US Dollar (USD) against the major currencies listed today. The US dollar was the weakest against the Swiss franc.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.16% | -0.17% | -0.02% | -0.18% | -0.14% | -0.35% | -0.42% | |
| euro | 0.16% | -0.02% | 0.17% | -0.02% | 0.02% | -0.20% | -0.26% | |
| GBP | 0.17% | 0.02% | 0.19% | -0.00% | 0.03% | -0.18% | -0.24% | |
| JPY | 0.02% | -0.17% | -0.19% | -0.19% | -0.14% | -0.36% | -0.42% | |
| Canadian | 0.18% | 0.02% | 0.00% | 0.19% | 0.04% | -0.17% | -0.24% | |
| Australian dollar | 0.14% | -0.02% | -0.03% | 0.14% | -0.04% | -0.22% | -0.28% | |
| New Zealand dollar | 0.35% | 0.20% | 0.18% | 0.36% | 0.17% | 0.22% | -0.06% | |
| Swiss franc | 0.42% | 0.26% | 0.24% | 0.42% | 0.24% | 0.28% | 0.06% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select USD from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
