01 Jul 2026
📊 US Dollar Index (DXY) Forecast: Bulls Stay in Control as Market Awaits Fed Chair Warsh
The US Dollar Index (DXY) is trading near 101.35, maintaining its bullish momentum as investors await remarks from Federal Reserve Chairman Kevin Warsh. Expectations of tighter monetary policy, combined with ongoing geopolitical uncertainty, continue to support demand for the US Dollar.
Following a decisive breakout above the 100.50 resistance level, the technical outlook remains constructive, with buyers continuing to dominate the market.
📈 Technical Analysis
The recent breakout above 100.50 confirmed a bullish continuation pattern, reinforcing the broader uptrend.
Momentum indicators remain supportive:
RSI (14): Around 67, reflecting strong buying momentum while approaching overbought territory.
MACD: Remains in positive territory, confirming that bullish momentum is still intact despite signs of slowing upside acceleration.
On the 4-hour chart, the DXY continues to trade above the 100-period Simple Moving Average (SMA) near 100.59, which now serves as a key support level.
As long as the index remains above this pivot, buyers are expected to maintain control.
🟢 Key Support Levels
101.00 – Immediate support
100.59 – 100-period SMA (major pivot)
100.50 – Previous breakout level
Holding above these levels keeps the bullish trend intact.
🔴 Key Resistance Levels
101.80 – Recent swing high
102.00 – Psychological resistance
102.50 – Next bullish objective
A sustained move above 102.00 would strengthen the bullish outlook and could open the door for additional gains.
📊 Market Outlook
The US Dollar Index remains firmly bullish, supported by expectations of higher US interest rates and persistent demand for safe-haven assets.
Traders are now focused on the upcoming speech by Fed Chair Kevin Warsh, which could provide fresh guidance on future monetary policy and trigger increased market volatility.
🎯 Trading Bias
Short-Term: Bullish 📈
Medium-Term: Bullish 📈
Key Resistance: 101.80 – 102.00 🔴
Key Support: 100.59 – 100.50 🟢
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