Dollar at Pivotal Resistance as PMI Data and Trade Talks Loom

The US Dollar Index (DXY) is testing a key pivot zone at the August 2020 high and the 2024 low close, near 100.26/35.

This breakout of the September opening range last week keeps the focus on a late-month high, but the rally needs to clear this key zone on a close basis to keep the immediate advance viable in the days ahead.

The Dollar's rally has extended nearly 2% off the monthly low with the index testing a pivotal resistance near 8-week highs.