US Dollar: A Short-term Relief Rally Coming?U.S. Dollar Currency IndexTVC:DXYRT_MoneyWelcome back to the Weekly Forex Forecast for the week of April 20-24th. In this video, we will analyze the following FX market: USD Dollar What to consider for the upcoming week: Bearish Factors: The DXY is experiencing a broader, ongoing downtrend since Q3 2022 and recently broke below key technical levels, indicating that the downward momentum remains dominant. Lower safe-haven demand, following eased tensions in the Middle East, is curbing the dollar's strength. Short-Term Bullish Potential: The dollar is rebounding off major support (97.50–98.00 range), which could trigger a small, corrective rally to test resistance near 98.69-99.18, with some analysts noting a technical "cup and handle" structure on shorter timeframes. What to Watch: Key technical support lies at 97.50 and 96.65. A failure to hold 97.80-98.00 could open the door for steeper losses, while a move above 99.18 is needed to suggest a larger trend reversal. Upcoming Data: Market participants are looking toward upcoming economic data and speeches from Fed officials to influence the next direction. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.