USD Index forecast by Traders Union analysts
The USD Index (USDX) is a measure of the value of the U.S. dollar relative to a basket of other major currencies, including the euro, British pound, Swedish krona, Canadian dollar, Japanese yen and Swiss franc. The countries issuing these currencies are key partners of the U.S. Therefore, the USD Index is a macroeconomic indicator showing the purchasing power of the U.S. dollar. Track the USD Index chart to see live price data, forecast for today and following trading days by TU analysts. This will help you make informed decisions and earn profit in the Forex market.
USDINDEX under bearish control
27.06.2025
The US dollar index has been in a strong downtrend since Trump initiated tariff wars. Selling on pullbacks led to the break of 97.30 support and the drop to 96.60 support. A corrective attempt toward 97.50–97.80 is possible from there, where bears may become active again; a break above that level would lead to a rise toward 98.10–98.40. A loss of support would result in a decline toward 96.40–96.20.
USDINDEX trading mixed
30.05.2025
Amid the Trump tariff situation, the dollar index is trading mixed. Buying from 98.40/30 support brought the index back to the psychological level of 100.00, where it was sold again and bears tested 98.80 support. In the near term, the index may consolidate within the current range, and a break will determine the direction of further movement. Trump’s tariff policy has undermined confidence in the dollar.
USDINDEX remains under bearish control
23.05.2025
Trump’s tariff policy continues to weigh on the dollar index, which, after last week’s drop, reached 98.90 support and today tested 98.70 on news of Trump’s intention to impose 50% tariffs on goods from the EU. At this stage, risks remain tilted toward a decline toward 98.50–98.20; a break of 99.30 resistance would lead to an advance toward 99.60–100.00.
USDINDEX still under pressure
16.05.2025
Selling in the U.S. Dollar Index pushed it down to 99.90 support. After testing it, the index rebounded to 100.65 resistance, where it continues to face selling pressure. Amid trade wars, the dollar remains vulnerable, though Trump's ability to strike trade deals could help restore confidence. In the short term, consolidation within the range is possible; a break below 99.70 support would lead to a decline toward 99.20, while a move through resistance would signal a rise toward 100.90–101.00.
USDINDEX tested 100.45
09.05.2025
The US Dollar Index was bought on a dip to 98.80 support. The subsequent rebound pushed it through 99.90–100.00 resistance, reaching 100.45 before pulling back to 99.95 support. From here, bulls may attempt another break of resistance; a loss of support would signal a move toward 99.50–99.00. Trade agreements concluded by the US with various countries could support the dollar—otherwise, its decline may resume.
USDINDEX returns to 100.00
05.05.2025
The decline in the US dollar index was halted by support around 97.60, from which the index showed a rise, allowing it to test resistance near the psychological level of 100.00. The nearest support is near 99.00, above which there are chances for a break of resistance and a move toward 101.00–101.50. A loss of support would lead to a decline toward 98.00–97.60.
USDINDEX recovers after the drop
25.04.2025
After extending its decline, the US Dollar Index plunged to 97.60 support, but buying interest emerged there, pushing the index back to 99.50 resistance. Due to Trump’s tariff policies, the dollar may remain vulnerable, so selling activity from current levels is possible, with a potential test of 98.20–98.00 support. A break of resistance would lead to a rally toward 100.00–100.50, where sellers may also step in.
USD Index under selling pressure
18.04.2025
Since the trade wars were initiated by Trump, the US Dollar Index has been under pressure dropping to 99.20-99.00 support. Attempts to rise are now limited by 99.90-100.25 resistance. Bulls' inability to break it or at least stay above the psychological level of 100.00, indicates risks of breaking support and dropping toward 95.00. A break of 99.70 would increase the chances of breaking 100.00 and testing 100.25. In the short term, the index may remain within a range.
USD Index attempts to extend recovery after drop
07.04.2025
Trade wars initiated by Trump triggered selling in the U.S. dollar and drove the index down to 101.00 support. In the long term, it may trade within a consolidation range, but growth attempts are currently capped by 102.80 resistance. The nearest support is at 102.00, above which the chances of a resistance break and a test of 103.20–103.40 remain, though the risk of a decline toward the lower boundary of the range is still high.
USD Index sold from 104.20
28.03.2025
This week, after finding support at 102.80, the U.S. Dollar Index attempted an upward correction, but its rise was capped by 104.20 resistance, from which selling returned it to 103.63 support. In the near term, the Index may break support and decline toward 103.20-103.00, from where a rebound to 103.60 could occur.
USD Index in consolidation phase
21.03.2025
USD Index in consolidation phase
After dropping to 102.80 support, the U.S. dollar index consolidates within a range between this support and 103.70 resistance. Trump’s tariff policies may pose certain risks to the U.S. economy and, consequently, the dollar, but there are currently no reasons for large-scale sell-offs. In the short term, the index may return to support. A break above resistance would lead to a rise toward 104.50.
USD Index under bearish control
10.03.2025
Uncertainty over the impact of Trump’s tariff policy on the U.S. economy fueled USD Index sell-offs last week. As a result, 105.80 support was broken, and 103.15 was tested. The loss of a significant portion of recent gains suggests a deteriorating outlook, but attempts to rise toward 104.60-105.00 resistance cannot be ruled out. A break below the current support would result in a decline toward 102.80-102.40.
USD Index sold on rise
03.03.2025
As a result of a corrective decline, the U.S. Dollar Index reached 105.70 support and, after several days of consolidation, broke 106.30 resistance and tested 107.20. Bears used this rise for selling, pushing the index down to 106.60. They may next test 106.30 support. A break below it would result in a decline toward 106.00-105.90. Consolidation within a range is possible in the short term.
USD Index declines further
21.02.2025
Amid the closing of long positions, the U.S. Dollar Index broke several support levels and is currently testing 105.90 support. The risk of a breakdown and a decline toward 105.20-105.00 appears high, as indicated by bulls’ inability to clear local resistance at 106.35. Clearing this level would lead to a rise toward 106.80-107.00.
USD Index sells off
14.02.2025
U.S. Dollar Index bulls failed to break 108.00 resistance, and amid another wave of sell-offs, 107.00 support was broken and 106.40 support was tested. The index may decline further toward 106.00, and its rebounds toward 106.80-106.90 could be used for selling.
USD Index returns to 107.00 support
07.02.2025
The U.S. Dollar Index's rise to 109.40 resistance attracted selling interest, leading to a break below 108.00-107.80 support and a test of 107.00. From here, bulls may attempt to regain control. A loss of 107.00 would result in a decline toward 106.00. In the short term, consolidation within the range is possible.
U.S. Dollar Index recovering after drop
31.01.2025
After reaching its peak at 109.84, the U.S. Dollar Index came under pressure and declined to 105.60 support. Bulls used this for buying and lifted the Index to 108.00. They may next test resistance at 108.40-108.60, where bears could step in. However, a significant drop is unlikely in the short term.
U.S. Dollar Index continues correction
24.01.2025
The U.S. Dollar Index’s consolidation ended with a break of 108.50 support and a decline to 106.90. At the current levels, bulls may attempt to regain control and test 108.50 resistance. A break below the current support would result in a decline toward 106.00, where bulls may also step in.
U.S. Dollar Index attempting to avoid further decline
17.01.2025
After rising to 109.80 resistance, the U.S. Dollar Index came under pressure and declined to 108.30 support. Currently, bulls are unable to break 109.00/10 resistance, which could result in further profit-taking and a decline toward 108.00. A break above resistance would lead to a rise toward 109.30-109.60, where the index may see selling. After Trump’s inauguration, the dollar may both rise and drop.
U.S. Dollar Index maintains positive momentum
10.01.2025
The latest decline in the U.S. Dollar Index was limited by 107.60 support, from which the Index returned to 109.20 resistance. The uptrend remains intact, but ahead of Donald Trump’s inauguration, profit-taking on long positions and a downward correction are possible. Weak U.S. labor market data could contribute to a decline toward 108.20-107.80, while on strong data, the Index may rise toward 109.50.
USDINDEX trading mixed
27.12.2024
The U.S. Dollar Index managed to break 107.90 resistance and rise to 108.20, after which it pulled back to 107.25 support. Buying continues on the decline, but now bulls cannot overcome resistance at 107.95. In the short term, under low volatility, the Index may trade between 107.25 and 108.20. A breakout from this range will indicate the direction of further movement.
USDINDEX under pressure after rise
20.12.2024
The Fed lowered the interest rate by 25 bps, but Jerome Powell’s rather careful comments about further rate cuts triggered another wave of U.S. dollar buying. As a result, the U.S. Dollar Index broke 106.80 resistance and soared to 108.20. A test of this level was followed by a pullback to 107.50 support, which is holding off bears so far. The dollar’s rise appears somewhat excessive, increasing the risk of a correction, where bears may break support and test 107.00-106.80. A break above 108.20 would result in a rise toward 108.50.
U.S. Dollar Index rises again
13.12.2024
After declining to 105.12, the U.S. Dollar Index continued to rise, breaking 106.40 resistance and testing 106.80. Pullbacks are now limited by 106.40 support, above which potential for testing at least 106.80 resistance remains. A loss of support would lead to a decline toward 106.10-106.00. In the short term, consolidation within the 106.40-106.80 range is possible.
USDINDEX under pressure
06.12.2024
After pulling back to 105.30 support, the U.S. Dollar Index rose to 106.35 resistance but faced renewed pressure and declined to 105.10. However, on the unexpectedly strong NFP report, bulls may attempt to regain control and push the Index up to 106.00-106.30. A loss of support would lead to a decline toward 104.70-104.50.
U.S. Dollar Index declines after rally
29.11.2024
After finding support at 105.80, the U.S. Dollar Index broke 106.60 resistance and rose to 107.73, where it faced pressure. This time, bears managed to break 105.80 support and test 105.27, where moderate demand emerged. The loss of the 105.80 support suggests a further decline toward 105.00-104.70, while clearing 105.80-106.00 would result in a rise toward 106.60. The current decline may still be used for buying.
U.S. Dollar Index soars to 107.72
22.11.2024
Following Trump’s victory, the U.S. Dollar Index continued to rise, breaking 106.70 resistance and testing 107.72. During this rise, it faced selling pressure, and now bears are attempting to break 107.00 support. Above this level, the chances of an advance to 107.50-107.70 remain, while a break below 107.00 could lead to a decline toward 106.60-106.40. Currently, there are no reasons for a significant dollar sell-off.
U.S. Dollar Index continues to rise
15.11.2024
Following Donald Trump’s victory, the U.S. Dollar Index uptrend continues. After breaking several resistance levels, the Index rose to resistance at 106.60 and then pulled back to support at 106.00. Here, the Index continues to be bought, keeping the chances of a resistance break and a rise toward 107.00. A loss of support would lead to a decline toward 105.60-105.40.
U.S. Dollar Index rises following Donald Trump’s victory
08.11.2024
Donald Trump’s victory in the U.S. presidential election halted the decline in the Dollar Index and triggered a swift rally to 105.00 resistance. After testing this level, the Index retreated to 103.90 support, where bulls regained momentum and are now testing 104.40 resistance. They may next test resistance at 104.60-104.80, while a loss of support would lead to a decline toward 103.60-103.30.
U.S. Dollar Index pressured but bought up on decline
01.11.2024
After rising to 104.25 resistance, the U.S. Dollar Index retreated to 103.50 support. Following an extremely weak non-farm payroll report, the Index attempted to break support, but was bought on a decline to 103.36, rebounding to 103.80 resistance. Ahead of the U.S. presidential elections, the Index may trade between the mentioned support and 104.30 resistance. Losing support would lead to a decline toward 103.00.
U.S. Dollar Index under pressure after rise
25.10.2024
As a result of the ongoing recovery, the U.S. Dollar Index broke 103.50 resistance and tested 104.20 before pulling back to 103.70 support. Following strong data on U.S. durable goods orders, the Index may rise to 104.00-104.20, while weak data could cause a decline to 103.50-103.30.
Why is it important to know the USD Index forecast?
The USD Index is the most popular and heavily traded currency index, and a benchmark used to measure the value of the currency of one of the world’s largest economies. The USDX was first introduced in 1973 after the dissolution of the Bretton Woods Agreement. The index price is updated 24h with the exception of Saturdays and Sundays. Its significance is equated to such popular indices as DAX, Dow Jones, etc.
TU experts study the USD Index using instruments and methods of technical analysis. The price forecast is then made based on them.
Traders can use this measure to assess the condition and strength of the U.S. currency in the international arena. In the Forex market, the USD Index helps understand the expected trend on the price charts of currency pairs with the U.S. dollar. For example, if the index grows, there will be a bullish trend on the USD/CAD chart, and bearish trend on the EUR/USD price chart.
FAQ
1
What is the USD Index?
The USD Index is a measure of the value of the U.S. national currency relative to a basket of six other currencies issued by strategic partners, but also key competitors of the U.S.
2
Who was the first to use the USD Index and when?
The USD Index was first established by JP Morgan in 1973. Since then, the index has been actively used in the Forex market.
3
What information does the USD Index provide?
The USD Index carries macroeconomic value, as it can be used to determine price dynamics of
currency pairs with the U.S. dollar (EUR/USD, NZD/USD, GBP/USD, etc.). The USDX measures the strength of USD against other major currencies.
4
What instruments are used for making the USD Index forecasts?
In order to make the USD Index daily forecast, Traders Union analysts use support/resistance levels,
technical indicators and other methods of technical analysis that help to determine the approximate dynamics of the USD Index price. Traders are recommended to use the USD Index live chart to see the real picture.