Strongest Rebound Zones for the Dollar Index on the Daily Timeframe

The Dollar Index surged and continued its upward trend, especially after Warsh's remarks at the Federal Reserve press conference, breaking through strong and significant resistance levels on the daily timeframe.

The Index has also established strong demand and support zones on the daily timeframe, which are considered the best rebound points in case of a correction and subsequent decline.

Expected Targets

If the Index corrects and falls to the demand zone near the 99.570 level, we expect to see a resumption of its upward movement, targeting the 100, 100.500, and 101.100 levels, respectively.

This suggests that we can still expect to see continued upward movement in the long term.

However, this analysis will be invalidated if the demand zones are broken and the price closes below them on at least one daily candle.