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World’s Fastest Growing Brokerage

Today Technical Analysis: US Dollar Index Retreats Following 7 Days Of Consecutive Losses

July 3, 2025, 07:01

The US dollar showed strength in yesterday’s trading against major currencies. The dollar index revisited 97 levels following 7 days of consecutive declines.

Short term moving averages MA (5) and MA(10) are trying to align upward again, but the 30-period MA is still above price. This signals a possible resistance ahead as.

MACD line is crossing above the signal, and the histogram is turning green, signaling a short-term bullish reversal.

Recovery may continue if GBPUSD clears the 30 MA and confirms a reversal. Watch 1.3660–1.3680 as a resistance zone.

GBPUSD 1H Chart

Resistance1.36671.36911.3717
Support1.36231.36021.3560

Nasdaq has recovered strongly after a drop and is now consolidating just below the previous high of 22,737

The short-term moving averages MAs (5, 10) are above the 30-period MA, indicating bullish momentum.

MACD is also positive and MACD line is above the signal line, confirming bullish momentum.

Nasdaq looks bullish in the short term. If it breaks above 22,737, it may continue rallying to new record highs. Support lies around 22,600–22,500. Falling below these levels might put pressure on the index to drop to 22,400

Nasdaq 1H Chart

Resistance22,70222,73022,921
Support22,62622,59322,564

Bitcoin shows a strong bullish rally on the hourly chart from below $107,000, with some cooling off after hitting $109,735

Short-term moving averages MA(5) and MA(10) are aligned above the longer MA, showing strong bullish alignment.

MACD histogram is still above zero but shrinking, and MACD is curling down, momentum is weakening slightly.

Bitcoin remains bullish but may see a short-term pullback or consolidation if momentum continues to fade. Strong support is seen around $108,000.

Bitcoin (BTCUSD) 1H Chart

Resistance$109,828$110,000$110,560
Support$108,613$108,013$107,247
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