The US dollar index continues to exhibit strong sideways movement around the peak, similar to last week’s update. However, there are signs of a downward trend in the price, awaiting confirmation for this to occur. This will directly impact the prices of gold and oil.
The price trend is likely to retest the peak while also revisiting around the 1039 area. You may be surprised by the decline in the US dollar index after the price confirms this reversal.
Therefore, adhere strictly to capital management rules to avoid potential risks arising from the market’s strong and unusual volatility. And don’t forget to anticipate the next update detailing the trends of the US dollar.
Wishing investors insightful and successful investment deals!
By. Pham Thanh Bien
