Technical Analysis of the U.S. Dollar Index

The U.S. Dollar Index is moving in an upward trend on both the daily and the four-hour timeframes. Prices rebounded higher from the 99.27 level, which represents an FVG zone and is considered an important buying area on the four-hour timeframe. Currently, prices have started rebounding higher from these levels, and further upside movement is expected during today’s session.

Key Economic News

Today, the U.S. dollar is awaiting the release of Personal Consumption Expenditures (PCE) data, Gross Domestic Product (GDP) data, and Unemployment Claims data. These events are expected to impact the movement of the U.S. dollar.

Liquidity Levels

We expect prices to rise and target the 99.80 level, followed by the next liquidity level at 100.00.

The bullish scenario will be invalidated if prices revisit the 99.08 level.