The US Dollar Index (DXY), a gauge of the US Dollar (USD) against six major currencies, eased after modest gains and traded near 101.80 in European hours on Tuesday. Price action stayed above the 50-day Exponential Moving Average (EMA), although the nine-day EMA continued to cap the move. The 14-day Relative Strength Index (RSI) sat around 55, while the FXS Fed Sentiment Index held near 127.51, a mix that pointed to steady momentum but less forceful policy tailwinds than earlier.<\/p>\n\n
On the chart, DXY was testing the lower edge of an ascending channel, leaving either a rebound from trendline support or a breakdown if that floor gives way. Resistance was mapped at the nine-day EMA, around 101.98; a push above it would bring the 18-month high of 102.94, set on October 14, into view, and then the ascending wedge top at 103.90. Support lay near 101.70 at the channel base, then the 50-day EMA at 100.94, with a deeper slide opening the five-month low of 98.56 from August 20.<\/p>\n\n\n\n