DXY

The dollar started the week slightly lower as an improved geopolitical environment reduced demand for the safe-haven currency. From a technical perspective, the recent retreat coincides with notable resistance levels.

Key Indicators

• The 99.60/70 range is a brick wall—crucial resistance has frequently halted advances here.

• The daily chart reveals weak upward momentum; the price is struggling near resistance.

Fundamental Context

The price behaviour of the US Dollar Index, which measures the value of the US dollar against a basket of six major currencies, is trading sideways following a powerful rebound. Fundamentally, if US-Iran tensions continue to decrease and oil prices remain constant, a healthy pullback would be quite beneficial here.