DXY: Buyers defend 95.906, eye 101.513US Dollar IndexCAPITALCOM:DXYAlexeyWolfThis is a weekly-timeframe analysis of the US Dollar Index. DXY remains inside the 95.226–101.513 range. The key event was the defense of 95.906. Sellers pushed price below this level twice, but both attempts left long lower wicks and were followed by a quick return into the range. After the second recovery, a buyer initiative formed. Buyers have already reached their target within the range, and price is now approaching the upper boundary at 101.513. If a seller initiative appears, its target will be 97.316. However, there is currently no clear seller initiative. This is indirectly supported by the intrabar volume distribution over the past week: the main traded volume remained below 100 while price moved and held above this area. Price is approaching 101.513, so the reaction at this level will be important. Acceptance above it would confirm a breakout from the range. Rejection and a return below the level would show that the sideways structure remains intact. The current structure still supports buyers, but near the upper boundary it is more important to assess the reaction than to chase the move. Profitable trades! This analysis is based on the Initiative Analysis (IA) method.