DXY : Incoming breakout ? This DXY chart will tell you everythinU.S. Dollar Currency IndexTVC:DXYGivtrade_Group Hello Traders ! Here is today’s outlook on DXY: The dollar index has just creeped above a major resistance point , a level it has failed to reclaim since late march. This level - 100$ has now acted as resistance on multiple attempts but the trend may be ending soon. Following a lower low made during June of 95.6$ , the DXY has successfully made a subsequent higher low in attempt to break this yearly resistance area. A breakout of this level would likely take us to 102$ in the short term and might even taken us to the 2025 highs depending on the macro perspective. This move up in the DXY lines up with the pullback we're seeing across metals. A stronger dollar usually means the market is pricing in higher odds of a rate hike, which pushes traders away from risk-on assets like stocks as they start locking in profits. Everything you need to know about the markets will be found in the DXY; so pay attention to it. I hoped you liked the analysis ! Follow for more