US Dollar Index Reclaims 98: Buy Dips, Sell FX RalliesU.S. Dollar Currency IndexTVC:DXYMihai_IacobMarch started with an important structural shift on the US Dollar Index. After spending weeks below the key 98.00 resistance, price finally broke back above it — and not quietly. The move accelerated quickly, with momentum pushing DXY toward the next resistance zone around 99.00. This is not just a random breakout. The 98.00 area has acted as a major pivot in the past, and reclaiming it changes short-term market dynamics. When former resistance turns into support, that’s usually a sign that underlying demand is building. Now, chasing at resistance is rarely a high-probability move. What I expect going forward is relatively simple: A controlled pullback toward 98.00, allowing the market to reset short-term overextension — and then continuation higher if the level holds as new support. If that scenario plays out, the implications for FX majors are clear. A stronger dollar environment typically pressures: - AUDUSD - NZDUSD - EURUSD - GBPUSD From a positioning standpoint, I will be looking primarily to sell rallies on AUDUSD. However, NZDUSD, EURUSD, and GBPUSD could also offer attractive short setups on corrective bounces. The key idea remains consistent: I am interested in selling strength into resistance — in alignment with a strengthening Dollar Index.