USDX — rebound from demand zoneThe U.S. Dollar Index (USDX) is correcting within an upward channel. After testing the demand zone 98.20–98.80 on the 4H chart, a double bottom pattern appeared, signaling a potential bullish continuation.
Strong Smart Money and volume support remain near 98.50. As long as price stays above this area, the bullish scenario remains valid.
Targets for growth are located at 100.12 and 101.03 — key supply zones and previous highs.
The dollar is supported by solid U.S. macro data and expectations that the Federal Reserve will maintain higher rates for longer. This keeps the USD attractive and favors further recovery.
The bullish bias remains while price holds above 98.20. Only a confirmed breakdown below 97.50 would shift the structure to bearish.
