Meanwhile, pressure on the index is coming from expectations of further monetary policy easing by the US Federal Reserve, potentially in October, followed by another rate cut in December. Some analysts predict an even sharper adjustment; however, the Fed currently lacks sufficient macroeconomic data due to the ongoing US government shutdown. The federal government ceased operations on October 1 after disagreements between Democrats and Republicans over the 2026 budget. With Congress failing to reach a consensus, the House of Representatives passed a temporary funding bill through November, which the Senate has yet to approve. The current shutdown is already the second-longest in US history and may soon become the longest. Later this week, the President’s trip to Asia could further complicate dialogue within Congress.

Support and Resistance Levels

Bollinger Bands on the daily chart show moderate growth, with the price range narrowing — reflecting mixed trading sentiment in the short term. MACD is trending upward, maintaining a weak buy signal (the histogram remains above the signal line). The Stochastic indicator shows a more confident upward movement but is currently near overbought territory, suggesting potential correction risks in the very short term.

Resistance levels: 99.00, 99.27, 99.50, 100.00.

Support levels: 98.69, 98.28, 97.98, 97.72.

USDX chart

Trading Scenarios and USDX Forecast

Long positions may be opened after a confident breakout above 99.00, targeting 99.50. Stop-loss — 98.69. Time frame: 1–2 days.

A rebound from 99.00 as resistance, followed by a drop below 98.69, could signal short entries targeting 97.98. Stop-loss — 99.00.

Scenario

Timeframe Intraday
Recommendation BUY STOP
Entry Point 99.05
Take Profit 99.50
Stop Loss 98.69
Key Levels 97.72, 97.98, 98.28, 98.69, 99.00, 99.27, 99.50, 100.00

Alternative Scenario

Recommendation SELL STOP
Entry Point 98.65
Take Profit 97.98
Stop Loss 99.00
Key Levels 97.72, 97.98, 98.28, 98.69, 99.00, 99.27, 99.50, 100.00