Dollar Index Testing Resistance

Dollar Index Testing Resistance

2021-08-12 • Updated

USD Index 4H Chart

UsDollarH4 12 Aug 2021.png

USD Index Daily Chart 

UsDollarDaily 12 Aug 2021.png

The US Jobless Claims declined slightly to 375K inline with the market estimates, while the PPI data showed an acceleration, including PPI and Core PPI on MoM and YoY basis, sending the US Dollar index higher once again to retest its 93.0 solid resistance area. The technical indicators remain bullish bit the momentum is easing, which may lead to another leg lower before the upside trend resumes. Any downside retracement is likely to remain limited between 92.30 and or 92.0 where we will be interested to investigate a new long position.

S3 S2 S1 Pivot R1 R2 R3
92.19 92.58 92.75 92.97 93.14 93.36 93.75


Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera