Technical Analysis of the US Dollar Index

The US Dollar Index is moving in an upward trend on the four-hour and one-hour timeframes. Prices rebounded upward from the DOB on the daily timeframe. Prices also formed an IFVG zone on the four-hour timeframe. Currently, prices are trading around 98.68 levels. Further upside movement is expected during today’s session.

Key Economic News

The US Dollar is awaiting Consumer Confidence data today, which is likely to have an impact on the movement of the US Dollar.

Liquidity Levels

We expect prices to rise and target 99.06 levels, followed by the next liquidity levels at 99.33, then 99.63.

The bullish scenario will be invalidated if prices visit 98.28 levels.