The U.S. Dollar Index (DXY) remains in a bearish zone, as indicated by the current weekly chart. There is potential for further downside movement toward the 99.70 level, which serves as a strong support area. If this level is breached, the next key support could be found near 98.56.
Alternatively, the index may experience a short-term correction to the upside. A breakout above 101.40 could trigger a move toward the 102.40 resistance level. However, this upward movement is likely to be limited, and the broader trend suggests a probable return to bearish momentum, potentially driving the index back down toward 98.56.
Alternatively, the index may experience a short-term correction to the upside. A breakout above 101.40 could trigger a move toward the 102.40 resistance level. However, this upward movement is likely to be limited, and the broader trend suggests a probable return to bearish momentum, potentially driving the index back down toward 98.56.
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