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OLby u/ortiz_lucas·15hAnalysis

Watching $USDX at 25.505 – Range Break or Rejection Ahead?

Been keeping a close eye on the $USDX this week, particularly with it sitting around the 25.505 mark right now. We've seen it range from 25.42 to 25.54 today, which isn't a massive move, but the context here feels important. For a while now, this 25.50-25.55 zone has acted as a pretty stubborn ceiling on daily and even weekly charts. We've had a few tests that haven't quite broken through convincingly.

My current thinking is that if we can get a sustained close above 25.55, especially on higher timeframes, it would signal a potential shift in momentum and could open the door for a push towards 25.70-25.80. That said, the risk to this scenario is pretty clear: a rejection from this level, perhaps with some bearish candle confirmation on the H4 or daily, would likely see us test back towards the 25.40 support. I'm leaning towards patience here, letting price action decide rather than trying to front-run a move. It's a key spot to watch for the next few sessions, could dictate direction for the broader dollar crosses.

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