The US Dollar Index (DXY), which gauges the USD’s value against six key currencies, has seen a decline for the second consecutive day, trading around 100.60 early Friday in Europe. Technical analysis shows a persistent bullish outlook as the index remains within an upward channel.
In the short term, the sentiment appears somewhat optimistic, with the DXY staying above the 50-day exponential moving average (EMA). However, it is encountering some resistance from the 9-day EMA nearby.
The 14-day Relative Strength Index (RSI) is just above the neutral mark at 54.2, indicating positive momentum, though it’s not overwhelming, as the index navigates between immediate resistance and underlying support.
There’s potential for the USD index to bounce back to the immediate resistance level at the 9-day EMA, positioned at 100.99. If it breaches this short-term price average, it would strengthen the bullish sentiment and support a test of the index’s near-high of 101.80, reached on June 24, before approaching the upper end of the upward channel near 102.30.
On the downside, primary support exists at the lower end of the upward channel around 100.30, followed closely by the 50-day EMA at 99.93. A break below this channel could signify a bearish trend, pushing the USD index towards the four-month low of 97.62 recorded on May 6.
(The technical analysis in this story was generated with AI assistance.)
USD price today
Below is a table showing how the US dollar (USD) has changed against major currencies today, indicating the dollar is weakest against the New Zealand dollar.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.25% | -0.23% | -0.26% | -0.13% | -0.34% | -0.51% | -0.31% | |
| EUR | 0.25% | 0.00% | -0.02% | 0.12% | -0.12% | -0.27% | -0.07% | |
| GBP | 0.23% | -0.01% | -0.04% | 0.10% | -0.15% | -0.28% | -0.08% | |
| JPY | 0.26% | 0.02% | 0.04% | 0.15% | -0.11% | -0.26% | -0.04% | |
| CAD | 0.13% | -0.12% | -0.10% | -0.15% | -0.27% | -0.39% | -0.18% | |
| australian dollar | 0.34% | 0.12% | 0.15% | 0.11% | 0.27% | -0.13% | 0.08% | |
| new zealand dollar | 0.51% | 0.27% | 0.28% | 0.26% | 0.39% | 0.13% | 0.20% | |
| swiss franc | 0.31% | 0.07% | 0.08% | 0.04% | 0.18% | -0.08% | -0.20% |
The heat map illustrates the percentage change between major currencies. The base currency is listed in the left column while the quote currency is in the top row. For instance, selecting USD from the left and moving along the line to JPY shows the percentage change as USD (base) to JPY (estimate).
