Dollar Index and a Potential Rise Due to Consolidation

The Dollar Index entered a sideways movement on the daily chart.

After reaching important and strong demand areas, the index was pushed

to enter a sideways movement and break the downward subtrends.

On the hourly chart, there is a sideways movement due to

 minor consolidation operations.

This is expected to push the index higher in the near term.

Provided that the index breaks and closes above the current hourly resistance area.

If it closes above this area, it is expected to rise to the specified targets

on the chart, which are located at the 97.900 and 98.300 levels.

This indicates strength for the dollar in the event of an expected rise in the near term.

If the index returns and declines, breaks the support areas below,

and closes below these areas, we may see another decline in the Dollar Index.

However, the most likely expectation currently

 is for a rise and strength for the Dollar.