Technical Analysis of the US Dollar Index

The DXY is moving in an upward trend on the four-hour and one-hour timeframes. Prices rebounded upward from an FVG zone around the 98.30 level. Currently, prices are trading around the 98.44 level, and further upside movement is expected during the day.

Key Economic News

The US dollar is awaiting the US interest rate decision today, along with the press conference of Jerome Powell. These events are expected to impact dollar movements during the day.

Liquidity Levels

We expect prices to rise and target the 98.64 level, followed by the next liquidity level at 98.89.

The bearish scenario will be invalidated if prices visit the 98.12 level.