The US Dollar Index is showing positive momentum during today’s trading session, moving in a bullish direction supported by stability above the key pivot level at 96.83.
If the upward movement continues and prices remain above this level, the index is expected to move toward 97.50 as the first target, followed by 97.80 as the next upside objective.
However, if the trend reverses and the index falls below 96.83, it may decline toward 96.50 as initial support, followed by 96.30.
Overall, the bullish scenario remains the most likely as long as trading holds above 96.83, with traders watching for a potential retest of the 97.50 level in the near term.
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