The US Dollar Index regains 101.00 amid geopolitical tensions and technical support, signaling a potential end to its recent pullback.
The US Dollar Index (DXY) climbed back above 101.00 early Monday, reversing a two-day losing streak as geopolitical uncertainties in the Strait of Hormuz bolstered demand for the safe-haven currency. The move follows a period of resilience near the 50% Fibonacci retracement level of its mid-June rally.
Technical indicators suggest a gradual recovery rather than a strong trend. The Relative Strength Index (RSI) remains just above 50, while the Moving Average Convergence Divergence (MACD) turns positive. The index faces initial resistance at 101.24, with a break above 101.80 likely to fuel further gains.
Support now rests at 100.90, with a drop below exposing deeper retracement levels near 100.61. The index’s rebound follows a corrective pullback from its highest level since May 2025, reached on June 24.