DXY Rebounds From Support

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DXY Rebounds From SupportU.S. Dollar Currency IndexTVC:DXYYong726DXY Rebounds From Support — Recovery Setup or Another Lower High? The U.S. Dollar Index is trying to recover on the 4H chart after pulling back from the recent high near the 101.80 area. Price dropped toward the 100.50–100.70 zone, where buyers stepped in and pushed the index back toward 101.00. The latest rebound shows that dollar demand is not completely gone, but the index still needs to reclaim key resistance before the recovery can become more convincing. From a market structure perspective, DXY remains in a broader bullish recovery structure, but short-term momentum has weakened. The previous rally created higher highs and higher lows, showing that buyers had control. However, after the rejection from the 101.50–101.80 zone, the price started to correct and is now attempting to stabilize above 100.50. This means the current structure is still bullish-to-neutral, but confirmation is needed. The first key resistance zone to watch is around 101.20–101.50. This is the nearest reaction area where sellers may try to defend the rebound. If buyers can break and hold above this zone, DXY may retest the 101.80–102.00 area. A sustained move above 102.00 would confirm that bullish momentum is strengthening again. On the downside, the first key support zone is around 100.70–100.50. This is the current short-term demand area where price recently found support. If DXY holds above this zone, the recovery structure may remain intact. Below that, 100.20–100.00 becomes the next important support zone. A clean break below 100.00 would weaken the bullish structure and suggest a deeper correction. For the bullish scenario, DXY needs to hold above 100.70–100.50 and break above 101.20–101.50 with confirmation. If this happens, buyers may push the index toward 101.80–102.00. A sustained move above 102.00 would strengthen the bullish outlook and support further upside continuation. For the bearish scenario, rejection from 101.20–101.50 would suggest that sellers are still defending the rebound area. If price then breaks below 100.50, DXY may pull back toward 100.20–100.00. A deeper break below 100.00 would increase correction pressure and may shift short-term momentum back in favor of sellers. Market sentiment is currently neutral to cautiously bullish. The dollar has bounced from support, but it has not yet reclaimed the key resistance zone. Right now, confirmation matters more than prediction: above 101.50, recovery momentum may strengthen; below 100.50, downside pressure may return. What do you think? Will DXY break above 101.50 and retest the 102.00 area? Or will sellers defend resistance and push the index back toward 100.50–100.00? Please share your view below。