US Dollar Technical Outlook: DXY Bulls Meet Resistance at Yearly Highs 10 1 2026
The U.S. Dollar has held firm despite fading Fed hike bets, but Friday’s payrolls could test the rally’s staying power.
Written by
Michael Boutros
Sr. Technical Strategist
US Dollar Technical Outlook: DXY Multi-Timeframe Analysis
The U.S. Dollar Index is testing resistance where its 2024 swing highs meet this year's uptrend, with weekly momentum at its highest of the year. Michael Boutros, StoneX Senior Market Analyst, walks through a multi-timeframe technical view of the U.S. dollar, from the weekly chart down to the four-hour chart. Daily and four-hour momentum sit deep in overbought territory, while weekly momentum presses the top of the range it has held all year. U.S. nonfarm payrolls are the next major event risk, and Fed funds futures pricing for the Federal Reserve's remaining decisions has shifted after softer PCE inflation data.
This content was created by an affiliate of StoneX Trading and represents the views and opinions of the author/speakers, not the views and opinions of StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by StoneX Trading.
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--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
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