The US Dollar Index (DXY) continues to trade with a bullish bias, supported by strong technical momentum and sustained trading above key moving averages. As long as the index remains above its major support levels, buyers are likely to maintain control, with the 102.00 area emerging as the next upside target.

📈 Technical Analysis
The daily chart shows that the Dollar Index is holding firmly above both the 20-day Bollinger Band Simple Moving Average (SMA) and the 100-day Moving Average, confirming that the broader bullish trend remains intact.
Momentum indicators continue to favor the bulls:
RSI (14): Near 65, signaling strong bullish momentum without entering overbought territory.
Trend Structure: Higher highs and higher lows continue to support the positive outlook.
While short-term profit-taking may occur near resistance, the overall trend remains constructive.

🔴 Key Resistance Levels
101.80 – June 24 high
102.00 – Psychological resistance and upper Bollinger Band
A decisive breakout above 102.00 could extend the current rally and strengthen bullish momentum.

🟢 Key Support Levels
101.05 – Immediate support
100.65 – 20-day Bollinger SMA
99.25 – 99.20 – Lower Bollinger Band and 100-day Moving Average
A sustained break below 100.65 would signal weakening momentum, while a move below 99.20 could indicate a broader trend reversal.

🌍 Market Outlook
The US Dollar remains supported by expectations of relatively tight Federal Reserve policy, resilient US economic data, and ongoing demand for safe-haven assets.
Traders should also monitor upcoming US economic releases, Treasury yields, and Federal Reserve commentary, as these factors are likely to determine the Dollar's next directional move.

🎯 Trading Bias
Short-Term: Bullish 📈
Medium-Term: Bullish 📈
Resistance: 101.80 – 102.00 🔴
Support: 101.05 – 100.65 🟢

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