Here are the most important forecasts on the US dollar index during the day

Technical Analysis of the US Dollar Index
Yesterday, Thursday, the US Dollar Index rose from the 97.10 level in a corrective upward move. Nevertheless, the index is still trending down on the daily and 4-hour timeframes. Prices formed a DFVG zone around 97.70 and have started to bounce lower. Further declines are expected today.

Key Economic News
Traders are watching today’s US Durable Goods Orders for June; a stronger-than-expected reading would bolster bets on economic strength and give the dollar a lift, while a weaker figure would weigh on the currency.

Liquidity Levels
Prices are expected to fall toward 97.10 and then 96.90.

Invalidation Level
The bearish scenario is invalidated if prices revisit 97.90.

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