DXY – Will the Range Hold Again?Dollar IndexTICKMILL:DXYTheSignalystThe U.S. Dollar Index (DXY) is currently trading around the upper bound of its long-standing range. This area has acted as a major resistance zone multiple times in the past, making it a key level to monitor. 👀 As long as this resistance holds, we will be expecting a weaker USD moving forward. 📉 The current rally is still contained within the rising red channel, which means buyers remain in control in the short term. However, for the bears to take full control and confirm a broader bearish move, a break below the lower bound of the rising red channel is needed. ⚠️ Until then, the focus remains on watching for bearish rejection signals around the upper range boundary. 📌 Key levels to watch: 🔹 Upper bound of the range acting as resistance 🔹 Lower bound of the rising red channel acting as trend support A rejection from current levels could trigger a move back toward the lower half of the range and reinforce the bearish outlook for the dollar. 🎯 Will the resistance hold once again? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr