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

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

Dollar Compresses Below Resistance; Above 101.90 May Improve Direction While 101.60 Remains Critical Support

• Chart Name: US Dollar Index (DXY)
• Current Market Price: 101.76
• Current Trend: Dollar remains compressed beneath descending resistance, with momentum neutral and direction still unresolved.
• Trend Dominance: Bears retain structural advantage, but weak ADX shows limited conviction behind current pressure.

CHART OUTLOOK & PREDICTION

• Dollar is compressing beneath descending resistance near 101.85–101.90 while holding above its broader 101.40 floor. RSI at 49.64 reflects balanced momentum, MACD is nearly flat, and ADX at 10.82 signals weak directional conviction. The 101.75–102.01 major moving-average cluster remains restrictive. Above 101.90 may expose 102.01–102.20; below 101.60 could reopen 101.40.

UPCOMING EVENTS

• US JOLTS may strengthen dollar if labour demand remains firm (Positive Catalyst)
• ISM Services PMI may support dollar if activity remains resilient (Positive Catalyst)
• October employment report could pressure dollar if job growth disappoints (Negative Catalyst)

MAJOR SUPPORT AND RESISTANCE

• Support Levels: 101.60 / 101.40 / 101.20
• Resistance Levels: 101.90 / 102.01 / 102.20

TREND, VOLUME & DOW THEORY ANALYSIS

• Dow Theory remains cautious as lower recovery highs persist beneath descending resistance, while the 101.40 floor continues to prevent a fresh lower low. Short averages are flattening near price, momentum is mixed, and very weak ADX favours compression over decisive continuation.

SCENARIO-BASED OUTLOOK

• Bullish Scenario: Above 101.90, price may move toward the 102.01–102.20 zone.
• Bearish Scenario: Below 101.60, downside risk could extend toward the 101.40–101.20 zone.
• Neutral Scenario: Between 101.60–101.90, compression and repeated boundary testing may remain likely.

FINAL TAKEAWAY

• US Dollar Index is approaching a technical decision area as descending resistance converges with nearby support. Momentum remains balanced and trend strength is weak. Acceptance above 101.90 could improve recovery scope, while sustained weakness below 101.60 may restore pressure toward 101.40.

CAUTION NOTES

• All Positivity Negates on breaking below 101.60.
• All Negativity Negates on breaking above 101.90.

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.