US Dollar Index rebounds from 0.5 support Arc – Potential advance toward 99.58
US Dollar Index (USDX): Arc cycle analysis
Overview: Based on Arc Cycle Analysis applied to the 2h chart, the US Dollar Index has rebounded from the 0.5 Support Arc within the current Arc Cycle. The rebound confirms a bullish reaction and opens the potential for continued movement toward the next Resistance Arc.
Market outlook
Price has rebounded from the 0.5 Support Arc, confirming that the Arc continues to provide support within the current Arc Cycle. Continued bullish momentum could drive price toward 99.58. Conversely, a sustained 2h close below 99.12 would weaken the bullish scenario and could reopen the path toward the lower 0.618 Support Arc.
Author
Mohamad Gharib
Independent Analyst
Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.
