United States Dollar Index (DXY) Price Forecast: Retakes 101.00 amid bullish setup
- The DXY attracts fresh buyers on Monday as Hormuz risks revive safe-haven demand.
- The technical setup favors bullish traders and backs the case for further appreciation.
- Acceptance below the 100-SMA on H4 is needed to offset the constructive outlook.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, regains positive traction at the start of a new week and, for now, seems to have snapped a two-day losing streak. The index climbs back above the 101.00 mark during the first half of the European session and seems poised to appreciate further amid geopolitical uncertainties stemming from tensions over the Strait of Hormuz.
The DXY showed some resilience below the 100-period Simple Moving Average (SMA) on the 4-hour chart and found support near the 50% Fibonacci retracement level of the upswing from mid-June on Friday. The subsequent move up beyond the 38.2% Fibo. level favors bullish traders and suggests that the recent corrective pullback from the highest level since May 2025, touched on June 24, has run its course.
Meanwhile, momentum indicators are constructive rather than aggressive. In fact, the Relative Strength Index (RSI) is hovering just above 50, and the Moving Average Convergence Divergence (MACD) is turning positive. This together suggests a gradual recovery phase rather than a runaway trend. Hence, any further move up is likely to confront initial resistance at the 23.6% Fibo. level near 101.24.
A subsequent barrier is pegged at the recent swing anchor around 101.80, which, if cleared, will be seen as a fresh trigger for the USD bulls and pave the way for additional gains.
On the downside, a break back below 100.90 would expose the 50% retracement at 100.61 and the deeper 61.8% level at 100.33. Meanwhile, acceptance below the 100-day SMA on the 4-hour chart, near 100.79, would undermine the current constructive tone and open the door toward the lower Fibonacci supports at 99.94 and 99.43.
(The technical analysis of this story was written with the help of an AI tool.)
DXY 4-hour chart
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.13% | 0.11% | 0.54% | 0.21% | 0.10% | 0.49% | 0.24% | |
| EUR | -0.13% | -0.01% | 0.43% | 0.08% | -0.01% | 0.36% | 0.12% | |
| GBP | -0.11% | 0.00% | 0.43% | 0.07% | -0.05% | 0.38% | 0.14% | |
| JPY | -0.54% | -0.43% | -0.43% | -0.34% | -0.43% | -0.07% | -0.23% | |
| CAD | -0.21% | -0.08% | -0.07% | 0.34% | -0.12% | 0.29% | 0.07% | |
| AUD | -0.10% | 0.00% | 0.05% | 0.43% | 0.12% | 0.41% | 0.18% | |
| NZD | -0.49% | -0.36% | -0.38% | 0.07% | -0.29% | -0.41% | -0.24% | |
| CHF | -0.24% | -0.12% | -0.14% | 0.23% | -0.07% | -0.18% | 0.24% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Haresh Menghani
FXStreet
Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.
