DXY Bullish Recovery from Support – Upside Target at 99.79

Jun 16

The U.S. Dollar Index (DXY) is trading near a key support zone around **99.20–99.30**, where buyers have previously stepped in. After breaking down from the ascending channel, price found support and is now attempting to stabilize above the Ichimoku cloud base.

The chart highlights a strong resistance area near **100.20–100.28**, while the current structure suggests a short-term recovery move from support. Recent price action shows consolidation above the support zone, indicating that bullish momentum could build if buyers maintain control.

**Bullish Scenario:**

* Holding above **99.45–99.50** may trigger a continuation toward the marked target.
* A successful reclaim of the cloud and nearby resistance could accelerate upside momentum.

🎯 **Target:** **99.79**

🛡️ **Key Support:** **99.20 – 99.30**

⚠️ **Key Resistance:** **100.20 – 100.28**

**Outlook:** Short-term bullish while price remains above support, with a potential move toward **99.79** as the next upside objective.

Jun 16

Trade active

active

Jun 17

Trade closed: target reached

my given target is achieved