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Market Overview
The USD/XOF pair closed at 547.26372 on January 29, 2026, reflecting a slight decline of 0.00% compared to the previous close, continuing a downtrend with a 30-day return of -0.48%. The pair remains range-bound between recent support near 546.86 and resistance around 551.32. Technical indicators show the 20-day moving average at 547.87, the 50-day at 547.28, and the 200-day near 547.28, with the RSI indicating moderate momentum. No major economic events are scheduled imminently to disrupt this trend. The technical setup suggests continued mild bearish pressure in line with the prevailing downtrend. 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.