StoneX analyst: The US Dollar Index may see a slight short-term increase
According to Golden Ten Data, ChainCatcher reports that StoneX analyst Matt Simpson stated in a research report that based on technical analysis, the US Dollar Index may see a slight increase in the short term. Currently, the US Dollar Index is hovering around the 98.249 level. On Thursday, the 200-day simple moving average formed a "slight bullish" pattern, and the two-day relative strength index is in an extremely oversold state. However, there are several resistance levels, including the 200-day exponential moving average at 98.44 that bulls need to test.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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