DXY Monthly Analysis: Key Support Holding, Bullish Move Ahead?

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📊 DXY Monthly Chart Analysis (March 27, 2025)
Key Observations:
Current Price Action:

The U.S. Dollar Index (DXY) is trading near 104.267, with notable resistance ahead.

Price is consolidating within a key demand zone (~102.5–104) after rejecting higher levels.

Technical Levels:

Support Zone: 100.2–104 (Highlighted in purple)

Resistance Zone: 112.5–114.7 (Highlighted in purple)

Major Resistance: 114.77 (Previous high, acting as a supply zone)

200-MA Support: Located below current price, offering a long-term bullish confluence.

Market Structure:

Price remains in a higher time-frame bullish trend but is experiencing a correction.

The "BOSS" level (Break of Structure) suggests a prior bullish breakout.

If the demand zone holds, a bullish continuation towards 112.5–114.7 is possible.

Projected Move:

A bounce from 102–104 could trigger a rally toward the upper resistance zone (~112.5).

A break below 100.2 could indicate a shift in trend and further downside.

Conclusion:
DXY is at a critical decision point. Holding the current support zone (~102–104) could fuel a bullish continuation toward 112–114, while a breakdown below 100.2 would weaken bullish momentum.

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