The dollar index (DXY), which measures the dollar against a selection of currencies, continued to decline from the previous day’s range of 101.25-101.30, triggering additional selling on Thursday. It reached a new weekly low during early trading in Europe, currently sitting around 100.90, down over 0.15% for the day.
Looking at the technical aspects, the DXY finds support at the 23.6% Fibonacci retracement level from the May-June bull market. It retains a somewhat optimistic short-term stance above the critical resistance point at 100.50. However, the Moving Average Convergence Divergence (MACD) indicator is still under zero, registering a negative value of -0.09, indicating that bullish momentum remains tentative, even with some support present.
Additionally, the Relative Strength Index (RSI) stands at a neutral 56.09, which hints at moderate upward pressure but doesn’t imply a significantly bullish market. This suggests that a clear transition from resistance to support at 100.55 could lead to more pronounced losses. If that happens, the DXY may dip below the next Fibonacci level at 100.20 and head towards the 50.0% retracement at 99.72, along with the interim support near the 50-day SMA at 99.75.
A more substantial drop could reveal secondary Fibonacci floors at 99.23 and 98.53, followed by a structural anchor around 97.65. On the upside, notable resistance appears at the cycle high of 101.78, and a definitive breakout is required to sustain a broader bullish trend.
DXY daily chart
USD price today
The table below shows how the US dollar (USD) has changed today against major currencies, with the USD showing strength against the Canadian dollar.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.14% | -0.23% | -0.16% | 0.08% | -0.15% | -0.69% | -0.26% | |
| EUR | 0.14% | -0.09% | -0.04% | 0.22% | 0.02% | -0.49% | -0.11% | |
| GBP | 0.23% | 0.09% | 0.07% | 0.32% | 0.10% | -0.44% | -0.03% | |
| JPY | 0.16% | 0.04% | -0.07% | 0.22% | 0.04% | -0.53% | -0.10% | |
| CAD | -0.08% | -0.22% | -0.32% | -0.22% | -0.19% | -0.73% | -0.32% | |
| australian dollar | 0.15% | -0.02% | -0.10% | -0.04% | 0.19% | -0.54% | -0.12% | |
| new zealand dollar | 0.69% | 0.49% | 0.44% | 0.53% | 0.73% | 0.54% | 0.41% | |
| swiss franc | 0.26% | 0.11% | 0.03% | 0.10% | 0.32% | 0.12% | -0.41% |
The heat map illustrates the percentage changes among major currencies. The base currency is taken from the left column while the quote currency is from the top row. To clarify, selecting USD from the left column and moving over to Japanese Yen provides the percentage change in that box, indicating the USD (base) against JPY (estimate).
