DXY Update

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DXY UpdateU.S. Dollar Currency IndexTVC:DXYNasim-EtemadiπŸ“‰ Outlook: USD remains under pressure as weak August NFP (22K jobs vs. 75K expected) reinforces bets on a Fed rate cut in mid-September. πŸ“Š Key Levels: Support: 97.90 β†’ 97.50 β†’ 97.00 Resistance: 98.35 β†’ 98.80 β†’ 99.20 🎯 Scenarios: Bearish: Break below 97.90 β†’ 97.50–97.00 Bullish: Recovery above 98.35 β†’ 98.80–99.20 ⏱ Next Catalyst: US CPI (Sept 11) – a hotter print could trigger a USD rebound; soft data may extend the decline. Summary: DXY in medium-term downtrend. Short-term price trapped near critical support. Watch CPI for the next directional move.