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 the 98.42 level, which is expected to be an important buying zone for the US Dollar Index. Currently, prices are trading around 98.79, and the bullish trend is expected to continue during the day.

Important Economic News

There are no major economic news releases for the US Dollar today, so price action is expected to remain relatively calm.

Liquidity Levels

We expect prices to rise and target 98.94, then the next liquidity level at 99.18, followed by 99.52.

The bullish scenario will be invalidated if prices visit the 98.25 level.