Throughout the past week, with interest rates remaining unchanged, the US dollar index has demonstrated strong growth, reaching a significant resistance level at 104.2.
This week, according to the Convergence Technical method, we observe that the price movement is sideways with signs of recovery, advancing towards the important support level at 102.8. This volatility is directly affecting the prices of gold and oil, creating new opportunities and challenges for investors.
Let’s not forget that the market is always an ongoing race. The key is to understand and adhere to capital management principles to generate sustainable profits over the long term in the market. Always go with the flow of the market and capitalize on every opportunity smartly and efficiently.
Congratulations to investors with smart and successful investment strategies. Keep accompanying and waiting for the next updates on the situation of the US Dollar index!
By. Pham Thanh Bien
