Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a sideways trend on the daily timeframe. Prices succeeded last week in reaching the 95.95 level, where liquidity was absorbed in that area, and then rebounded upwards to form an FVG on the daily timeframe around 96.75. This zone is considered a key buying area, and prices are expected to bounce upwards if revisited. The overall expectation for the week is a bullish move in the US Dollar Index.
Key Economic News
There are no significant economic events today, so the movement is expected to remain relatively calm.
Liquidity Levels
Prices are expected to continue rising, targeting the 98.00 level. A break above this level could extend the rise towards 98.40.
Scenario Invalidation
The bullish outlook will be invalidated if prices revisit the 96.20 level.
