Read more
8:30 AM · 2 January 2026

Technical Analysis - USDIDX (02.01.2026)

Key takeaways
-
-
Open account Download free app
Key takeaways
  • What is the technical situation on USDIDX?

The dollar index (USDIDX) has been on a downward trend for quite some time. The local maximum was set on November 21, 2025, after which we observed a steady downward movement. The price fell to 97.50, which was tested twice in mid-December. However, there are currently no reliable signs of a trend reversal. In recent days, the price has rebounded from the 100-period moving average, marked on the chart with a blue line, and has also encountered resistance resulting from the 23.6% Fibonacci retracement level.

It seems, therefore, that until the price breaks through the 98.15 level, the downward trend will continue, and another test of the 97.50 level is possible. Otherwise, a break above 98.15 could lead to a correction towards 98.87, with the 38.2% Fibonacci level worth noting. For now, however, the main trend remains downward.

 

USDIDX – D1 interval | Source: xStation5

22 January 2026, 1:36 PM

BREAKING: EURUSD reacts 🗽US jobless claims lower than expected

22 January 2026, 1:16 PM

Silver rebounds after a sharp drop 📈Is the uptrend back? ❓

22 January 2026, 1:13 PM

Market Wrap: What did the ECB minutes reveal❓

22 January 2026, 12:58 PM

VIX sell-off deepens amid rebound on Wall Street 📉

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits