The dollar index (USDIDX) continues to move lower for the third consecutive session, and today's ADP report, which will be released at 1:15 pm GMT, may cause higher volatility in dollar pairs. Looking at the technical situation on the D1 interval, USDIDX retreated below local highs at 96.90, after which the downward movement accelerated. If current sentiment prevails, an attack on the support at 95.55, which is marked with a lower limit of the ascending channel and previous local lows, cannot be ruled out.
USDIDX, D1 interval. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
