Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index is currently in an upward trend on the 4-hour and 1-hour timeframes. Prices successfully bounced from the 99.50 level, which represents an order block. The bullish momentum is expected to continue throughout the day.

Key Economic News
Powell's speech yesterday included the following:

• The Fed kept interest rates at 4.25–4.50% for the fifth time, despite pressure from Trump and calls by some members to lower them.

• Powell noted that strong employment and inflation at 2.7% justify maintaining a moderately restrictive policy.

• He emphasized that rate decisions will remain data-dependent, and the Fed is ready to move up or down as needed.

• He hinted that a rate cut this year is not guaranteed, which lowered market expectations for easing in September and boosted the dollar sharply.

These comments gave strong upward momentum to the U.S. dollar.

Liquidity Levels
Prices are expected to rise toward 100.55 and then 101.30.

Invalidation Scenario:
The bullish outlook is invalidated if prices drop to 99.23.