The U.S. Dollar Index is attempting to break its downtrend in 2026 amid a significant bearish sentiment, as traders remain focused on its movements following Warsh’s nomination. Despite the recent weaker inflation data, the dollar has rebounded and is currently testing technical levels, notably finding support at 97.00, with a key resistance level at 97.60 that, if surpassed, could indicate a more bullish trend. Upcoming economic indicators, including the Core PCE report and Non-Farm Payrolls, are expected to add volatility to the dollar’s trajectory amidst historical levels of bearish positioning against it.
U.S. Dollar Index attempts to reverse 2026 downtrend amid bearish positioning
