#USD Dollar stalls amid Trump tariff threats and Fed pressure.

The US Dollar Index stalls as markets weigh Trump's tariff threats and Fed independence. The😀 US Dollar hinges on bank earnings and US economic data releases on Tuesday. Price action for the DXY remains under pressure with psychological resistance firming at 98.00.

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The #DXY has staged a modest rebound from its July 1 low at 96.38, but it continues to trade below the 98.00 psychological resistance level. Price action is currently testing the 20-day Simple Moving Average (SMA) at 97.70, while the 50-day SMA at 98.84 remains intact as a key level of resistance.

Both moving averages are trending downward, underscoring the broader bearish outlook.

The Relative Strength Index (RSI) stands at 49, reflecting neutral momentum. While not yet in oversold territory, this RSI reading suggests that the Dollar currently lacks the strength to mount a decisive bullish reversal.