Chart of the day - USDIDX (02.02.2022)

The dollar index (USDIDX) continues to move lower for the third consecutive session, and today's ADP report, which will be released at 1:15 pm GMT, may cause higher volatility in dollar pairs. Looking at the technical situation on the D1 interval, USDIDX retreated below local highs at 96.90, after which the downward movement accelerated. If current sentiment prevails, an attack on the support at 95.55, which is marked with a lower limit of the ascending channel and previous local lows, cannot be ruled out.

USDIDX, D1 interval. Source: xStation5

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