US #dollar holds strong amid mixed US data as Consumer Confidence beats and #JOLTsJobOpenings disappoints

#TechnicalAnalysis_Tickeron : DXY rally strengthens as RSI and MACD support further upside#ETHCorporateReserves

The US Dollar Index (DXY) continues to build on its bullish momentum, trading around 98.89 in Tuesday’s session. The index has extended its recovery after successfully retesting the upper boundary of a falling wedge pattern, which it broke earlier this month. The upward move is further validated by a sustained move above the 50-day Exponential Moving Average (EMA) at 98.54, now acting as immediate support, followed by the 97.80-98.00 zone. The next resistance zone lies ahead at 99.42, the high of June 23, followed by the 100-day EMA at 99.97. A successful hold above 98.50, which aligns closely with the 50-day EMA, would reinforce the bullish structure and keep the US Dollar Index on track to challenge the next resistance levels.

Momentum indicators support the bullish bias. The Relative Strength Index (RSI) is climbing, currently around 59, indicating growing buying strength with room for further upside before a potential exhaustion. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator continues to strengthen, with both the MACD and signal lines rising and the histogram bars expanding in positive territory.