Technical Analysis of the U.S. Dollar Index The US Dollar Index is moving in a downtrend on the hourly chart. Prices have reached the PWL around the 97.90 level, which represents a key liquidity level. Currently, prices have formed an FVG zone around the 98.17 level. If this gap is closed, prices are expected to rise during the day. Key Economic News There is no significant news today, so trading is expected to be relatively quiet. Liquidity Levels We expect prices to rise and target the 98.37 level, followed by the next liquidity level at 98.53. The bearish scenario will be invalidated if prices reach the 97.90 level.
