DXY | Will DXY shift to a bearish trend?U.S. Dollar Currency IndexTVC:DXYDatTongMacro approach: - The US dollar fell despite renewed Middle East hostilities and stronger-than-expected labor data. - New York Fed's Williams said he doesn't expect a sustained rise in energy prices from the conflict, easing concerns that higher oil prices could force further tightening. - The US dollar may stay data-dependent as markets reassess the Fed's policy path. Technical approach: - DXY broke the key support at 100.84 and plunged toward the next support at 100.55. The price is below death-crossed EMAs, indicating a potential shift to bearish trend. - If DXY breaks below 100.55, the price may decline toward the subsequent support at 100.25. - On the contrary, remaining above 100.55 may prompt a correction toward the immediate resistance at 100.84. Analysis by: Quoc Dat Tong, Senior Financial Markets Strategist at Exness