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Market Overview
The USD/AMD pair closed at 377.06 on January 29, 2026, reflecting a slight decline of 0.08% from the previous close of 377.35, consistent with the ongoing downtrend observed over the past 30 days, which shows a return of -0.30%. The pair remains pressured below the 20-day SMA at 377.65 and the 50-day SMA near this level, while the 200-day SMA is not specified but likely higher, reinforcing bearish momentum. The RSI indicates weakening bullish pressure, and key support and resistance levels stand at 376.50 and 378.50, respectively. No major economic events are scheduled imminently, but US and Armenian data releases could influence price action. Technical indicators suggest continued cautious trading within a narrow range. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.