The US Dollar Index is showing positive performance during today’s trading, reflecting the continuation of the upward trend in the market. The 97.50 level represents a key pivot point supporting current price movement.
If the index continues to trade above this level, it is expected to target 98.00 followed by 98.50, increasing the chances of further gains in the coming period.
However, if a reversal occurs, the index may decline toward 97.00 and then 96.50, indicating a temporary price correction.
Overall, the bullish scenario remains more likely as long as the index holds above 97.50.
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