Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a bearish trend on the daily and four-hour timeframes. Price has currently reached major liquidity levels and formed an IFVG zone on the one-hour timeframe around the 96.00 level, from which prices bounced higher. Currently, prices are trading around the 93.35 level, and a bullish corrective move is expected to continue during today’s session.

Major Economic News:
The US dollar is awaiting the release of unemployment claims data today, which is expected to have a medium-impact effect on prices.

Liquidity Levels:
Prices are expected to rise targeting the 96.80 level, followed by the 97.33 level.
The bullish corrective scenario will be invalidated if prices visit the 95.52 level.