The U.S. dollar is on an upward trend—what are the key price levels?

Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a corrective bullish trend on the hourly timeframe. Prices formed an FVG zone around the 98.14 level, from which prices rebounded upward on the hourly timeframe. Currently, prices are trading around 98.17, and the bullish movement is expected to continue during the day.

Important 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 98.28, followed by the next liquidity level at 98.36.

The bullish scenario will be invalidated if prices visit 98.06.

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