DXY | Would The Current Uptrend Sustain Amid Expanding Conflct?U.S. Dollar Currency IndexTVC:DXYDatTongMacro approach: - The US dollar gained ground as the expanding Middle East conflict lifted inflation expectations and bolstered prospects for a tighter Fed policy. - At the same time, newly imposed US tariffs of 10–12.5% on imports from key trading partners added to trade-related uncertainty. - Higher energy costs and tariff risks are keeping inflation worries elevated and continuing to support the US dollar. Technical approach: - DXY strongly bounced after retesting the broken descending trendline and both EMAs. The price is above both diverging EMAs, indicating a potential continuation of uptrend. - If DXY breaks above 101.50, it may rise toward the previous swing high at around 101.70. - On the contrary, maintaining below 101.50 may prompt a correction to retest EMA21 and the support at 101.20. Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness