DXY U.S. dollar index is gathering momentum at 97.50 and could reverse the downtrend.
The U.S. dollar index has reacted to a major retracement price level at 97.20 and is set up for a potential trend reversal if it breaks 97.50. The index might consolidate between 97.50 and 97.20 if it fails to continue above 97.50. Support awaits at 97.00 if it fails at 97.20.
Support: 97.20, 97.00, and 96.85
Resistance: 97.50, 97.80, and 98.15
The U.S. dollar index has reacted to a major retracement price level at 97.20 and is set up for a potential trend reversal if it breaks 97.50. The index might consolidate between 97.50 and 97.20 if it fails to continue above 97.50. Support awaits at 97.00 if it fails at 97.20.
Support: 97.20, 97.00, and 96.85
Resistance: 97.50, 97.80, and 98.15