{"id":55667,"date":"2026-06-12T14:30:12","date_gmt":"2026-06-12T06:30:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=52326"},"modified":"2026-06-12T14:30:12","modified_gmt":"2026-06-12T06:30:12","slug":"usdx-rebounds-as-dollar-finds-support-after-sell-off","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/usdx-rebounds-as-dollar-finds-support-after-sell-off\/","title":{"rendered":"USDX Rebounds as Dollar Finds Support After Sell-Off"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/06\/USD1-1024x573.webp\" alt=\"\" class=\"wp-image-42771\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDX traded near <strong>99.57<\/strong>, recovering after falling to a one-week low in the previous session.<\/li>\n\n\n\n<li>Traders questioned whether a US-Iran peace deal is close, lifting short-term demand for the dollar.<\/li>\n\n\n\n<li>The next key levels sit at <strong>99.60 resistance<\/strong> and <strong>99.46 support<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>USDX found support in Asian trade on Friday, recovering part of the previous session\u2019s decline as traders reassessed hopes for a Middle East ceasefire.<\/p>\n\n\n\n<p>The dollar index steadied after falling to its weakest level in a week on Thursday. The rebound came as markets questioned whether the United States and Iran were close to signing a peace deal that could reopen the Strait of Hormuz.<\/p>\n\n\n\n<p>The dollar also gained against major peers. USDJPY rose <strong>0.2%<\/strong> to <strong>160.235<\/strong>, while AUDUSD slipped <strong>0.1%<\/strong> to <strong>0.7045<\/strong> and NZDUSD fell <strong>0.2%<\/strong> to <strong>0.5824<\/strong>. EURUSD held near <strong>1.1574<\/strong> after the European Central Bank delivered its first rate hike in three years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Traders Are Watching This<\/h2>\n\n\n\n<p>Traders are watching USDX because the dollar is caught between lower energy prices, sticky inflation data, and uncertainty around Middle East negotiations.<\/p>\n\n\n\n<p>Brent crude fell <strong>1.8%<\/strong> to <strong>$88.76<\/strong> after President Donald Trump said the United States and Iran could sign a peace deal as soon as this weekend. Iran, however, said it had not reached a final decision. That kept markets cautious and helped the dollar stabilise.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Iran says no final decision made on possible US agreement, IRNA says <a href=\"https:\/\/t.co\/bVJ3KoMRj3\">https:\/\/t.co\/bVJ3KoMRj3<\/a> <a href=\"https:\/\/t.co\/bVJ3KoMRj3\">https:\/\/t.co\/bVJ3KoMRj3<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/x.com\/Reuters\/status\/2065272907010334797?ref_src=twsrc%5Etfw\">June 12, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>US producer prices rose more than expected in May, with the annual gain reaching its fastest pace in three and a half years. However, the core PPI reading came in softer than expected at <strong>4.9%<\/strong> year-on-year, below the <strong>5.4%<\/strong> forecast.<\/p>\n\n\n\n<p>That softer core reading helped calm some inflation fears. Fed funds futures now show a <strong>63.3%<\/strong> chance that the Fed keeps rates on hold at its October meeting, compared with roughly an even chance the day before.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Trading Levels<\/h2>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div class=\"tradingview-widget-container__widget\"><\/div>\n  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/CAPITALCOM-DXY\/\" rel=\"noopener nofollow\" target=\"_blank\"><span class=\"blue-text\">DXY chart<\/span><\/a><span class=\"trademark\"> by TradingView<\/span><\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/external-embedding\/embed-widget-advanced-chart.js\" async>\n  {\n  \"allow_symbol_change\": true,\n  \"calendar\": false,\n  \"details\": false,\n  \"hide_side_toolbar\": true,\n  \"hide_top_toolbar\": false,\n  \"hide_legend\": false,\n  \"hide_volume\": false,\n  \"hotlist\": false,\n  \"interval\": \"D\",\n  \"locale\": \"en\",\n  \"save_image\": true,\n  \"style\": \"1\",\n  \"symbol\": \"CAPITALCOM:DXY\",\n  \"theme\": \"dark\",\n  \"timezone\": \"Etc\/UTC\",\n  \"backgroundColor\": \"#0F0F0F\",\n  \"gridColor\": \"rgba(242, 242, 242, 0.06)\",\n  \"watchlist\": [],\n  \"withdateranges\": false,\n  \"compareSymbols\": [],\n  \"studies\": [],\n  \"width\": 980,\n  \"height\": 610\n}\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Level<\/strong><\/td><td><strong>What Traders Are Watching<\/strong><\/td><\/tr><tr><td>100.05<\/td><td>Previous upper swing and wider recovery level<\/td><\/tr><tr><td>99.9<\/td><td>Stronger resistance from the chart<\/td><\/tr><tr><td>99.6<\/td><td>Intraday high and immediate resistance<\/td><\/tr><tr><td>99.57<\/td><td>Current trade zone<\/td><\/tr><tr><td>99.56<\/td><td>5-period moving average<\/td><\/tr><tr><td>99.53<\/td><td>20-period moving average<\/td><\/tr><tr><td>99.52<\/td><td>10-period moving average<\/td><\/tr><tr><td>99.46<\/td><td>Intraday support<\/td><\/tr><tr><td>99.29<\/td><td>Lower chart support<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>USDX is trading just above its short-term moving averages, with the <strong>5-period MA at 99.556<\/strong>, the <strong>10-period MA at 99.521<\/strong>, and the <strong>20-period MA at 99.526<\/strong>.<\/p>\n\n\n\n<p>That keeps the short-term recovery alive, but the setup remains cautious. The index is still well below the previous swing high near <strong>100.05<\/strong>, and the rebound needs stronger follow-through above <strong>99.60<\/strong> to build momentum.<\/p>\n\n\n\n<p>A break above <strong>99.60<\/strong> could support a move toward <strong>99.90<\/strong>. A drop below <strong>99.46<\/strong> would weaken the recovery and bring <strong>99.29<\/strong> back into focus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bullish and Bearish Setups<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/06\/image-13-1024x473.jpg\" alt=\"\" class=\"wp-image-52327\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Setup<\/strong><\/td><td><strong>Trigger<\/strong><\/td><td><strong>Potential Market Reaction<\/strong><\/td><\/tr><tr><td>Bullish Recovery<\/td><td>Move above 99.60<\/td><td>Buyers may target 99.90<\/td><\/tr><tr><td>Breakout Setup<\/td><td>Move above 99.90<\/td><td>Momentum may extend toward 100.05<\/td><\/tr><tr><td>Pullback Setup<\/td><td>Hold above 99.52<\/td><td>Traders may watch for renewed buying interest<\/td><\/tr><tr><td>Bearish Break<\/td><td>Move below 99.46<\/td><td>Sellers may target 99.29<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The bullish setup depends on USDX holding above the moving average cluster and breaking <strong>99.60<\/strong>. That would show buyers are willing to extend the rebound after Thursday\u2019s sell-off.<\/p>\n\n\n\n<p>The stronger breakout setup needs a move above <strong>99.90<\/strong>. If buyers clear that area, the previous high near <strong>100.05<\/strong> becomes the next level to watch.<\/p>\n\n\n\n<p>The bearish setup builds if USDX falls below <strong>99.46<\/strong>. A break under that level would suggest the rebound is fading and could return pressure to the dollar index.<\/p>\n\n\n\n<p><strong>Disclaimer<\/strong><\/p>\n\n\n\n<p><em>The price levels and trade scenarios above reflect the author\u2019s view at the time of writing and do not represent financial advice or an official recommendation from VT Markets. Traders should conduct their own analysis and manage risk carefully.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trade USDX CFDs with VT Markets<\/h2>\n\n\n\n<p>USDX remains active when traders react to Fed expectations, US inflation data, oil prices, Middle East headlines, and global currency flows.<\/p>\n\n\n\n<p>With VT Markets, traders can access USDX CFDs alongside major forex pairs, gold, oil, indices, shares, ETFs, and other global CFD markets from one platform. This helps traders track the wider dollar story while comparing moves across EURUSD, USDJPY, AUDUSD, XAUUSD, and crude oil.<\/p>\n\n\n\n<p>Use VT Markets\u2019 charting tools to monitor support, resistance, moving averages, and breakout behaviour as the next USDX setup develops.<\/p>\n\n\n\n<p><strong>Start trading <a href=\"https:\/\/www.vtmarkets.com\/indices\/?utm_source=DMA\" target=\"_blank\" rel=\"noreferrer noopener\">indices<\/a> with VT Markets today.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Trade USDX as a CFD?<\/h2>\n\n\n\n<p>USDX CFDs allow traders to take a view on rising or falling US dollar index moves without owning the underlying currency basket.<\/p>\n\n\n\n<p>That flexibility can be useful when the dollar reacts quickly to Fed pricing, inflation data, energy prices, and safe-haven demand. If USDX breaks higher, traders can watch bullish continuation. If peace-deal hopes weigh on the dollar, traders can monitor downside setups.<\/p>\n\n\n\n<p>With VT Markets, traders can follow USDX price action in real time and compare it with other major CFD markets from one account.<\/p>\n\n\n\n<p><em><strong>Join our upcoming webinar and learn how to trade candlestick patterns with confidence, clarity, and real market confirmation.<\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/zoom.us\/webinar\/register\/6217799398830\/WN_ZIM1W5IuQu2f1Mpqa5tdEA\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/06\/image-36-1024x320.jpg\" alt=\"Promotional banner for a VT Markets webinar titled 'Market Secrets: The Truth' with The Trading Vault logo, a chess piece, and speaker Ross Maxwell.\" class=\"wp-image-51217\"\/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What To Watch Next<\/h2>\n\n\n\n<p>Traders should watch <strong>99.60<\/strong> resistance and <strong>99.46<\/strong> support.<\/p>\n\n\n\n<p>A break above <strong>99.60<\/strong> could strengthen the recovery and bring <strong>99.90<\/strong> into focus. A move below <strong>99.46<\/strong> would weaken the short-term setup and shift attention back toward <strong>99.29<\/strong>.<\/p>\n\n\n\n<p>Beyond the chart, traders should watch US-Iran peace deal updates, oil prices, Fed rate expectations, and whether softer core inflation data continues to calm rate-hike concerns.<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>FAQs<\/strong><\/summary>\n<p><strong>Why is the US Dollar Index Rising Today?<\/strong><\/p>\n\n\n\n<p>The US Dollar Index (USDX) is rising as traders question whether a US-Iran peace deal is close. The uncertainty has helped the dollar recover after falling to a one-week low in the previous session.<\/p>\n\n\n\n<p><strong>What Is The Key Level To Watch For USDX?<\/strong><\/p>\n\n\n\n<p>The key upside level is <strong>99.60<\/strong>. A move above this area could support a recovery toward <strong>99.90<\/strong>. On the downside, <strong>99.46<\/strong> is the first major support level.<\/p>\n\n\n\n<p><strong>Can USDX Continue Higher?<\/strong><\/p>\n\n\n\n<p>USDX could continue higher if buyers hold above the moving average cluster near <strong>99.52 to 99.56<\/strong> and push price above <strong>99.60<\/strong>. A stronger move would need a break toward <strong>99.90<\/strong>.<\/p>\n\n\n\n<p><strong>What Could Push USDX Lower?<\/strong><\/p>\n\n\n\n<p>USDX could move lower if a Middle East peace deal is confirmed, oil prices fall further, or traders reduce Fed rate-hike expectations. A break below <strong>99.46<\/strong> would weaken the short-term setup.<\/p>\n\n\n\n<p><strong>Can I Trade USDX With VT Markets?<\/strong><\/p>\n\n\n\n<p>Yes. VT Markets offers access to USDX CFDs, allowing traders to take a view on rising or falling US dollar index moves without owning the underlying currency basket. Traders can also access forex, gold, oil, indices, shares, ETFs, and other CFD markets from one platform.<\/p>\n<\/details>\n","protected":false},"excerpt":{"rendered":"<p>USDX analysis: Dollar index steadies near 99.57 as Middle East uncertainty and Fed rate expectations shape the next CFD trading setup.<\/p>\n","protected":false},"author":89,"featured_media":42771,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[31],"tags":[9,11],"class_list":["post-55667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-dollar","tag-indices"],"acf":{"acf_article_selection_author":{"value":"cass-lee","label":"cass-lee"}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/55667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=55667"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/55667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/42771"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=55667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=55667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=55667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}