Technical Analysis of the US Dollar Index

The US Dollar Index is moving in an upward trend on the four-hour and one-hour timeframes. Prices have formed an FVG zone on the four-hour timeframe around 98.41, which is expected to become an important buying zone for the US Dollar during the day. Currently, prices are trading around 98.64, and the bullish trend is expected to continue throughout the day.

Key Economic News

The US Dollar is awaiting the preliminary readings of both the Services and Manufacturing PMI, along with US Jobless Claims data. These releases are expected to impact the movement of the US Dollar during the day.

Liquidity Levels

We expect prices to rise and target 98.90, followed by the next liquidity level at 99.24.

The bullish scenario will be invalidated if prices visit 98.13.