DXY Holds Near the Highs — Can the Dollar Extend Its Rally?U.S. Dollar Currency IndexTVC:DXYYong726DXY Holds Near the Highs — Can the Dollar Extend Its Rally? The U.S. Dollar Index remains in a strong bullish structure on the 4H chart. After building a base around the 99.50–100.00 area, the price broke higher aggressively and continued toward the 101.50–101.80 zone. Although the latest move has slowed slightly near the highs, the dollar is still holding above the previous breakout area, which keeps buyers in control for now. From a market structure perspective, DXY is still bullish. Price has been forming higher highs and higher lows since the early June recovery, and the breakout above 100.50 confirmed stronger upside momentum. The recent pullback from the 101.80 area looks more like a short-term correction after a strong rally rather than a confirmed trend reversal. The first key resistance zone to watch is around 101.50–101.80. This is the current upper reaction area where sellers have started to appear. If buyers can break and hold above 101.80, DXY may extend toward 102.00–102.50. A clean move above 102.50 would further strengthen the bullish outlook. On the downside, the first key support zone is around 101.00–100.80. This area is important because it sits near the recent pullback base and the previous breakout structure. If price holds above this zone, buyers may attempt another push higher. Below that, the stronger support area is around 100.50–100.30, where a deeper pullback could attract demand. For the bullish scenario, DXY needs to hold above 101.00–100.80 and break above 101.80 with confirmation. If this happens, the index may continue toward 102.00–102.50. A sustained move above 102.50 would confirm that dollar strength is still building. For the bearish scenario, rejection from 101.50–101.80 could trigger another short-term pullback. If price breaks below 100.80, DXY may retest 100.50–100.30. A deeper break below 100.30 would weaken the current bullish structure and suggest that the recent rally is losing momentum. Market sentiment is currently bullish, but slightly cautious near resistance. The dollar remains strong, but the price is now trading close to an upper reaction zone, so confirmation is important. Right now, the key question is whether DXY can break through 101.80, or whether buyers need a deeper pullback before the next move. Above 101.80, bullish continuation becomes stronger. Below 100.80, short-term correction pressure may increase. What do you think? Will DXY break above 101.80 and continue toward 102.50? Or will sellers defend the highs and push the dollar back toward 100.50? Please share your view below.