US Dollar Recovery Hits Resistance as September Trade Begins
The US Dollar has rebounded from its August low after a sharp summer correction drove DXY more than 3% lower from the July high.
A late-August recovery from confluent technical support has carried the index back above its yearly moving average, improving the near-term picture as September trade gets underway.
Buyers still have work to do, with a major resistance zone overhead likely to determine whether the recovery can develop into a broader advance or gives way to renewed selling pressure.
The US Dollar Price Chart on TradingView shows that pivotal resistance remains near the 2024 swing low at 100.16/42, with subsequent resistance objectives eyed at the yearly high-week close at 101.37 and 101.80/98- a region defined by the yearly high, the September 2024 high, and the May 2025 high.