The DXY Index is expected to rise in the short term

The DXY index is expected to rise soon.


The index is moving in a sideways direction, as seen on the hourly chart.

With a previous break of a minor downtrend on the same chart,

 the price action has already signaled potential consolidation.

Therefore, we are expected to see a rise in the index soon.

If the specified resistance is broken and a close is reached above it, 

the price will likely rise to targets of 98.100 and 98.420, respectively.