DXY Eyes Crucial Resistance at 99.58 Amid Hawkish Fed Pressure

The US Dollar Index (DXY) is currently trading at 99.47 on the 4-hour chart, after pulling back from the 99.73 region.

According to the technical analysis, price is holding the 38.2% Fibonacci level at 99.49 with the 50% retracement at 99.41 and the 61.8% level at 99.34 below.

The broader recovery structure remains intact for now, but DXY must clear the resistance band before an upside acceleration can be expected.

Immediate resistance levels sit at 99.58, 99.73, 99.90, and 100.07, while support remains at 99.41 to 99.34 and then at 99.10 and 98.92.