US Dollar Price Alert: DXY Testing Pivotal Trend SupportU.S. Dollar Currency IndexTVC:DXYFOREXcomThe U.S. Dollar Index is trading at confluent uptrend support into the start of the week around 99.49/52- a region defined by the 61.8% retracement of the late-March decline and the January swing high. Note that the lower parallel converges on this level today and a break / close below would threaten the multi-week uptrend. Monthly open support rests at 98.96 and is backed by the 200-day moving average, the August high-day close (HDC), and the May low at 98.66/68. Losses below this threshold would suggest a more significant high is in place and a larger trend reversal is underway. Initial resistance is eyed at the Friday close near 99.81 with the 2024 low / low close at 100.15/35 still critical. Look for a larger reaction there IF reached again with a breach / close above needed to fuel the next major leg of the USD advance. Bottom line: The U.S. Dollar marked an outside-day reversal off resistance last week with the pullback now testing uptrend support. From a trading standpoint, rallies would need to be limited to 99.80 IF the index is heading lower here with a with a close below 99.49 to fuel the next phase of the correction. -MB