{"id":50282,"date":"2026-04-06T11:08:01","date_gmt":"2026-04-06T11:08:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/after-two-days-gains-the-us-dollar-index-eases-near-100-10-holding-above-100-00-nine-day-ema\/"},"modified":"2026-04-06T11:08:01","modified_gmt":"2026-04-06T11:08:01","slug":"after-two-days-gains-the-us-dollar-index-eases-near-100-10-holding-above-100-00-nine-day-ema","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/live-updates\/after-two-days-gains-the-us-dollar-index-eases-near-100-10-holding-above-100-00-nine-day-ema\/","title":{"rendered":"After two days\u2019 gains, the US Dollar Index eases near 100.10, holding above 100.00, nine-day EMA"},"content":{"rendered":"The US Dollar Index (DXY) was slightly lower after two days of gains, trading near 100.10 during Asian hours on Monday. It measures the US Dollar against six major currencies.\n\nOn the daily chart, DXY is moving within an ascending channel pattern. It remains above the nine-day and 50-day Exponential Moving Averages (EMAs), and both EMAs are trending upwards.\n\n

Technical Positioning And Trend<\/h3>\nThe latest pullback from last week\u2019s peak has been limited. The short-term average is still above the medium-term line.\n\nThe 14-day Relative Strength Index (RSI) is near 58. This stays in positive territory and is not in overbought conditions.\n\nOn the upside, DXY may test the 10-month high of 100.64 set on 31 March. A further move could bring the upper channel area near 102.40 into view.\n\nSupport is at the nine-day EMA near 99.95, then the lower channel boundary around 99.70. If price breaks below the channel, it could test the 50-day EMA at 99.02.\n\n

Shifting Macro Backdrop And Strategy<\/h3>\nThe technical analysis was produced with help from an AI tool.\n\nLooking back to this time in 2025, we saw a bullish technical setup for the US Dollar Index when it was trading around 100.10. The ascending channel pattern and positive moving averages suggested persistent buying interest. That analysis pointed towards a potential move to a high of 102.40.\n\nToday, the environment has changed, with the DXY trading around 104.20 after a prolonged rally. Recent data, however, suggests a potential turning point as the March 2026 jobs report showed weaker-than-expected growth of 175,000 jobs. Additionally, the latest inflation data from the Bureau of Labor Statistics shows the Consumer Price Index has cooled to 2.8% year-over-year, reducing pressure on the Federal Reserve.\n\nThis shift in economic data has led the market to price in a higher probability of interest rate cuts later this year. We see this reflected in the CME FedWatch Tool, which now indicates expectations for at least two rate cuts before year-end. This is a significant change from the hawkish stance that propelled the dollar for much of the past year.\n\nGiven this fundamental shift, we should consider strategies that hedge against or profit from a potential decline in the dollar. Buying put options on the DXY or on dollar-centric ETFs like UUP provides a defined-risk way to position for a downward move. The increase in market uncertainty has pushed implied volatility slightly higher, making these options more sensitive.\n\nFor those with a more neutral view, selling out-of-the-money call credit spreads on DXY futures could be a strategy to collect premium. This approach benefits if the dollar trades sideways or moves lower in the coming weeks. We must now watch the 103.50 level as a key support, a break of which could confirm a change in the long-term uptrend we saw developing back in 2025.\n\nCreate your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b>\n

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DXY slips near 100.10, still in rising channel; RSI positive, eyes 100.64 resistance, 99.95 support.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-50282","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t