The US Dollar Index is Moving Sideways on the 4-Hour Timeframe
Prices continue to move sideways on the 4-hour chart. The US Dollar Index has successfully swept the liquidity highlighted in the previous report and formed bearish signals, which led to a decline from the 97.20 level — a DVIM zone on the daily timeframe.
It is worth noting that the current sideways movement in the US Dollar Index throughout the week is mainly due to market anticipation of the upcoming Non-Farm Payroll (NFP) report.
On the 4-hour chart, there is an Order Block (OB) area, and if broken, a further decline in the dollar is expected.

NFP Report and Its Impact on the Market
Although the US Non-Farm Employment Report, released by the Bureau of Labor Statistics, showed an addition of 147K new jobs in the private non-farm sector, the US dollar declined throughout the day, continuing its broader bearish trend on the higher timeframes.
Today, market activity is expected to remain relatively calm due to the US bank holiday.

Liquidity Levels:
The bearish trend for the US dollar is likely to continue today. If the price breaks below the OB area and holds, we expect a move toward the support level at 96.37, followed by 96.00.
This bearish scenario will be invalidated if the price revisits the 97.50 .