The US Dollar Index is trading in a bearish trend during today’s session, moving below a critical pivot level at 97.86. Continued downside momentum may push the index toward 97.70, followed by 97.46.
Alternatively, if buying pressure returns and the index stabilizes above 97.86, a rebound toward 98.20 and possibly 98.50 could take place. Price action around the pivot level remains key for determining the next direction.
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