US Dollar Index (DXY) Short Term Analysis – Latest Trends and Expectations?

After the U.S. dollar continued to weaken, it was supported by economic data related to U.S. interest rate cuts and expectations of further interest rate cuts in 2026.

Based on these moves so far, here’s what could happen in the upcoming trade:

• Negative scenario:
  In the event of further declines, a breakout and hold of 97.684 may indicate that the supply side continues to be under selling control in the short term, and we may target lower levels around 97.059.
• Casual scene:
  If the trend continues below 97.684 and above approximately 97.059, a sideways trend will occur to express uncertainty and balance between the forces of supply and demand.
• Positive scenario:
  Rise and hold above 98.617 – 98.650 could indicate that buying control is emerging on the demand side and we may see further gains targeting higher levels around 99 – 99.50.

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