Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index is moving in an upward trend on the 4-hour timeframe. Prices successfully broke above last month’s high candle and formed an FVG zone on the same timeframe, from which they have since bounced. Currently, prices are trading around 98.55, and a continued rise is expected throughout the day.
Key Economic News
The U.S. dollar awaits the release of the Federal Reserve meeting minutes today, which are expected to influence market movements.
Liquidity Levels
Prices are expected to rise and target 99.00, followed by 99.82.
The bullish scenario will be invalidated if prices revisit 97.95.
