The US Dollar Index is trading in a bearish trend during today’s session, hovering near the pivot level of 96.800.
If downside momentum continues, the index is expected to decline toward 96.500 followed by 96.400.
Alternatively, in case of a bullish rebound, prices may rise toward 97.000 and then 97.200.
A recovery scenario becomes valid only if the index stabilizes above 96.800, which could lead to a retest of 97.000.
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