Dollar Index Tests Key Support as Gold and Bitcoin Break Out

The U.S. Dollar Index (DXY) is testing support at the August high-day close and May low, near 98.68/69.

This level is also backed by the lower parallel of the July pitchfork, which could be a key area for price inflection if reached.

Rallies above the 200-day moving average, currently around 98.17, would suggest a more significant near-term low is in place and a larger recovery is underway within the July downtrend.