Bullish Setup Forming on DXY — Channel Support Holds StrongU.S. Dollar Currency IndexTVC:DXYTRADE_WITH_SOAM🔹U.S. Dollar Index (DXY) – 4H Chart Analysis ▪Market Structure: The DXY is trading within an ascending channel, maintaining a clear structure of higher highs (HH) and higher lows (HL). This indicates that the broader trend remains bullish as long as the lower boundary of the channel holds. ▪Key Levels: ▫Support Zone: Around 99.00 – 99.30, aligned with the channel’s lower boundary and a minor demand zone. ▫Resistance Zones: ▫1st Target Area: Near 100.34 ▫Final Target Zone: Around 100.89 – 101.00 The RBS (Resistance Becomes Support) level near 99.50 adds further confluence for potential bullish reactions. ▪Price Outlook: Price is currently retracing toward the support level within the channel. A bullish reversal from this area could push DXY back toward the 100.34 resistance and possibly the final target zone near 101.00. However, a break below 99.00 would invalidate the bullish structure and expose deeper support toward 98.50. ▪Summary Bias: Bullish while above 99.00 support. Short-Term Target: 100.34 Extended Target: 100.89 – 101.00 Invalidation: Sustained break below 99.00 If this helpful for you, press the like button.