Aetram Global Research: US Dollar Index (DXY) Technical Research Report - 02.11.2026

Aetram Global Research: US Dollar Index (DXY) Technical Research Report 

Dollar Slides Back Toward 101.60; Reclaiming 101.83 May Restore Recovery While Breakdown Could Expose 101.40

• Chart Name: US Dollar Index (DXY)
• Current Market Price: 101.61
• Current Trend: US Dollar Index remains bearish beneath key averages as recovery attempts continue losing momentum.
• Trend Dominance: Bears retain directional control, while 101.60 support is attracting limited stabilization attempts.

CHART OUTLOOK & PREDICTION

• US Dollar Index has returned toward 101.60 after its latest recovery failed below the 101.83–102.08 major moving-average cluster. RSI at 39.05 reflects weak momentum, MACD remains negative, and ADX at 23.94 indicates developing directional pressure. Reclaiming 101.83 may permit recovery toward 102.08; sustained weakness below 101.60 could expose 101.40.

UPCOMING EVENTS

• U.S. JOLTS strength may reinforce dollar rate expectations (Positive Catalyst)
• October employment weakness could increase pressure on dollar sentiment (Negative Catalyst)
• Softer October CPI may weaken dollar through lower yield expectations (Negative Catalyst)

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 101.60 / 101.40 / 101.20
• Resistance Levels: 101.83 / 102.01 / 102.08

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory remains bearish as DXY continues forming lower recovery peaks after losing the 102.00 region. Price remains beneath the major average cluster, while RSI and MACD confirm weak momentum. ADX is strengthening moderately, keeping continuation risk elevated below 101.83.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 101.83, price may move toward the 102.01–102.08 zone.
• Bearish Scenario: Below 101.60, downside risk could extend toward the 101.40–101.20 zone.
• Neutral Scenario: Between 101.60–101.83, consolidation and repeated support testing may remain likely.

FINAL TAKEAWAY

• U.S. Dollar Index remains technically vulnerable below the 101.83–102.08 resistance cluster, with momentum still favouring bears. Holding 101.60 may encourage stabilization, but recovery above 101.83 is needed to improve conditions; failure could reopen 101.40–101.20 downside risk.

CAUTION NOTES

• All Positivity Negates on breaking below 101.60.
• All Negativity Negates on breaking above 101.83.

DISCLAIMER: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.