- Analytics
- News and Tools
- Market News
- USD Index to eye new lows for the year – Credit Suisse
USD Index to eye new lows for the year – Credit Suisse
The recent rebound in the US Dollar Index is over. Economists at Credit Suisse stay tactically negative, looking for a move back to the 100.82 YTD low and eventually what they expect to be stronger support at 98.98/97.89.
Resistance at 103.36 ideally caps to keep the immediate risk lower
“We maintain our 1-3 month negative outlook for a retest of the 100.82 YTD low. Whilst this should be respected, we look for new lows for the year for support next at 100.00 and then what we look to be better support, starting at the 61.8% retracement of the 2021/2022 uptrend at 98.98 and stretching down to 97.44, which also includes the long-term 200-week average, currently at 97.89.”
“Resistance at 103.36 now ideally caps to keep the immediate risk lower. Above can see strength back to 105.12.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
