Technical Analysis of the US Dollar Index

The US Dollar Index is moving in an upward trend on the daily timeframe, while trading sideways on the four-hour timeframe. Prices are still moving above the DFVG levels, which represent important buying zones for the US Dollar, and prices are expected to rise during today’s session.

Key Economic News

There are no major economic news releases affecting the US Dollar today, so market movement is expected to remain relatively calm.

Liquidity Levels

We expect prices to rise and target the 100.66 level, followed by the next liquidity level at 102.00.

The bullish scenario will be invalidated if prices revisit the 97.99 level.