Dollar Index Faces Rejection at Key Resistance Level
The US Dollar Index (DXY) is facing resistance at the 0.618 Arc within its current Arc Cycle, according to analysis by FXStreet.
Arc Cycle Analysis applied to the 1h chart indicates that bullish momentum has faded near this boundary, suggesting that the upper Arc continues to cap upside expansion.
As a result, if the Resistance Arc holds firm, a decline toward the 0.5 Target Arc becomes the primary scenario.