Aetram Global Research: US Dollar Index (DXY) Technical Research Report - 03.11.2026

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

Dollar Attempts Higher-Low Recovery Above 101.60; Clearing 101.97 May Improve Structure While 101.40 Defines Broader Risk

• Chart Name: US Dollar Index (DXY)
• Current Market Price: 101.85
• Current Trend: Dollar is attempting recovery beneath descending resistance while broader structure remains cautious.
• Trend Dominance: Bulls are improving near-term momentum, but bears retain influence below major resistance.

CHART OUTLOOK & PREDICTION

• Dollar is pressing descending resistance near 101.86 after recovering from the 101.60 region. RSI at 59.61 shows improving momentum and MACD has turned positive, while ADX at 14.15 reflects weak trend conviction. The 101.74–101.97 major moving-average cluster remains decisive. Above 101.97 may expose 102.10; below 101.60 could reopen 101.40.

UPCOMING EVENTS

• U.S. JOLTS strength may reinforce dollar rate expectations today (Positive Catalyst)
• October employment strength could reinforce dollar demand through resilient labour conditions (Positive Catalyst)
• Softer October CPI may reduce yield support for dollar (Negative Catalyst)

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 101.74 / 101.60 / 101.40
• Resistance Levels: 101.86 / 101.97 / 102.10

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory shows improving short-term recovery from 101.60, but a convincing higher-high sequence is still absent. Price is testing descending resistance and heavier averages, while positive MACD supports recovery momentum. Low ADX suggests participation lacks enough strength for confirmed trend continuation.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 101.97, price may move toward the 102.10–102.20 zone.
• Bearish Scenario: Below 101.60, downside risk could extend toward the 101.40–101.20 zone.
• Neutral Scenario: Between 101.60–101.97, range compression and resistance testing may remain likely.

FINAL TAKEAWAY

• US Dollar Index is showing better recovery momentum from 101.60, but the broader structure remains unconfirmed beneath 101.97. Positive MACD and RSI near 60 improve the tone; however, weak ADX warrants caution until resistance is decisively reclaimed.

CAUTION NOTES

• All Positivity Negates on breaking below 101.60.
• All Negativity Negates on breaking above 101.97.

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.