US Dollar Index Price Forecast: Turns upside down as 99.50 remains key barrier
WikiBit 2026-05-21 20:40
The US Dollar (USD) gives back a majority of its early gains as the United States (US) Treasury Yields correct sharply due to growing optimism that the
The Dollar Index Spot trades lower at around 99.10. However, the near-term tone is constructive, with price holding above the 20-day exponential moving average (EMA) at 98.75.
The Relative Strength Index (RSI) at 57.62 is in bullish territory but shy of overbought, hinting that upside momentum is positive yet not stretched.
On the downside, immediate support aligns with the 20-day EMA at 98.75, where a break would hint at a deeper corrective phase toward 98.00. As long as the index defends this moving average on closing bases, the broader bias stays tilted to the upside, with scope for buyers to probe higher levels even if nearby resistance is not yet well-defined by the available indicators.
Looking up, the spot could attempt to test 100.00 if it manages to break decisively above the May 20 high of 99.47.
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