Technical Analysis of the US Dollar Index

The US Dollar Index is moving in an uptrend on the four-hour timeframe. Prices have rebounded to the upside from an Order Block area around the 99.19 level. The bullish bias remains valid so far according to the weekly analysis, and further upside continuation is expected during today’s session.

Major Economic News:
US banks are on holiday today; therefore, strong market movements are not expected.

Liquidity Levels
Prices are expected to rise and target the 99.97 level, followed by the 100.42 level.
The bullish scenario will be invalidated if prices close with an hourly candle below the 98.67 level.