Welcome back, dear investors, to our weekly US Dollar technical analysis!
Following the Christmas and New Year holidays, the US Dollar has resumed its ascent, reaffirming its position as it approaches the 110.0 level.
However, entering the new week, this upward momentum appears to have stalled. Technical indicators suggest a high likelihood that the US Dollar may enter a corrective phase, targeting the 107.0 price range.
This week, several key economic reports will be released, including the Non-farm Payrolls report and unemployment claims data. These releases could significantly impact investor sentiment, which remains cautious at the start of the year.
Avoid FOMO at all costs—always conduct thorough research and adhere strictly to disciplined risk management. That is the essence of “Technical Convergence.”
Wishing you all smart and effective investment strategies. Stay tuned for upcoming analysis of the US Dollar!
By Pham Thanh Bien
