Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a corrective bullish trend on the one-hour timeframe. Prices formed an OB zone on the one-hour chart and rebounded upward from the 98.09 level. Currently, prices are trading around 98.21, and further upside movement is expected during the day.

Major Economic News
There are no important economic news releases for the US Dollar today, therefore price movement is expected to remain stable and orderly.

Liquidity Levels
We expect prices to rise targeting 98.32, then the next liquidity level at 98.41, followed by 98.53.

The bullish scenario will be invalidated if prices visit 97.97.