0214 GMT - The USD Index may extend the downtrend, based on charts, Matt Simpson, market analyst at Forex.com and City Index, says in a commentary. "Ultimately, I suspect we could be looking at a move to 105 for the U.S. dollar index, though it is clearly trying to hold 106 for now," Simpson says. The daily relative strength index is trending down and not oversold, he says. "For now, the bias remains bearish and to fade into moves up to 107 and a move lower to 105, before a larger bounce materializes." The USD Index is little changed at 106.30. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 21:14 ET (02:14 GMT)
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