Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right


The dollar index is under big pressure below 104.00 level

The dollar index is under big pressure below 104.00 level

The dollar has been very bearish this week; yesterday, we saw a drop to 103.43. 

Dollar index chart analysis

The dollar has been very bearish this week; yesterday, we saw a drop to 103.43. The index’s pullback started last Wednesday after jumping to 104.98 levels. On Monday, we managed to hold above 104.00, but on Tuesday, we saw a drop below and a new low formed at 103.80.

Wednesday brought us consolidation and stabilization that only lasted until Thursday. Yesterday, in the Asian session, the dollar was under pressure and started a bearish consolidation. This continued until we went down to the 103.40 level. After that, the index consolidated and started a recovery up to 104.10 levels.

Does the dollar index go to 103.00 after falling below the 104.00 level?

In this zone, we encounter the EMA200 moving average, which puts additional pressure on the index and its movement, not allowing us to move above. During this morning’s Asian session, we saw a pullback below the 104.00 level, adding pressure to the already weakened dollar.

Next week, we will have a lot of important economic news that could shake the market. New Home Sales on Monday, Core Durable Goods Orders and CB Consumer Confidence on Tuesday. On Wednesday morning, the Reserve Bank of New Zealand will announce whether it will leave the interest rate below the level as before or whether we will see a change. In the afternoon, the important news is the gross domestic product from the US market.


The post The dollar index is under big pressure below 104.00 level appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...


    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...


    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2020-2024 The Freedom Right. All Rights Reserved