US dollar index at 90 points Sunday, May 16
In early 2018, the US dollar index hit the range of 89-88 in the form of support and moved to a price peak of 103.77 during two years. Further resistance at 103.77 points led to a new downtrend and the market fell close to the 89-point trend. Recently, after hitting the uptrend line again, the dollar index has faced resistance from this trend line and the moving average of 50 and has started a new downtrend. In this week's trading, if the dollar index falls below the 90-point trend and continues to decline, it could fall to the long-term support range of 89-89.
