Analysis of the US dollar index.. Some rise despite all the negative factors
Despite all the negative factors surrounding the US dollar index, the US dollar index, as we previously confirmed, seems to be able to reach levels around 90.60 during this week’s trading, which affects gold trading, which tries to continue the bullish scenario.
The US dollar index has a significant support at 89.870, which is an excellent long-term demand area, while it has a strong resistance at 90.60. If it manages to rise above that level, it will head straight to 92.00.
We do not recommend selling the US dollar index now, it is possible to buy from the current levels with targets at 90.50 – 90.60 while investment targets are at 92.00 provided the dollar index remains above 89.87