US Dollar Index Stuck at 100.00 as Bulls Await Breakout

The US Dollar Index (DXY) has been stuck in a trading range, with bulls waiting for a breakout above the psychological 100.00 level.

The DXY is currently hovering just below 100.00, having consolidated after recent fluctuations driven by shifting Federal Reserve policy expectations and global risk sentiment.

The 100.00 level has long been a critical threshold for the DXY, representing both a round number that attracts trader attention and a zone where previous support and resistance have converged.

A sustained move above this level could open the door to further upside, targeting higher resistance zones. Conversely, failure to break through may reinforce the current range-bound trading pattern.