FX.co ★ U.S. Dollar Index (USDX) in Forex Trading

The dollar index today shows a downward trend and is within a descending channel on the H4 chart. The MACD indicator is in the negative zone, signaling a continuation of the bearish trend, which is also confirmed by the MA arrow indicator. In this situation, there is an assumption that selling will remain more prioritized. Therefore, it may be possible to open trades down to the level of 98.95, and after a breakthrough, it may head towards 98.51. It is possible that it will again correct towards the 99.43 level, and then the decline will resume.