As of Friday, the US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is slightly higher at around 101.00. This comes after the release of a weaker-than-expected University of Michigan Consumer Sentiment survey, adding to a week of mixed economic data in the US. The survey showed a decline in household confidence, while inflation expectations increased, painting a hazy picture for the country’s economy. The uncertainty surrounding President Trump’s tariff plans and trade policy also continues to impact market sentiment. However, the DXY is still holding onto gains for the week as traders react to declining risk appetite and anticipate further signals from the Federal Reserve (Fed). The DXY’s current range is between 100.52 and 101.14, and the Relative Strength Index (RSI) remains in the neutral 50s. The Moving Average Convergence Divergence (MACD) indicates a slight bullish crossover, while the Average Directional Index (14) shows weak trend strength in the 30s. The Ultimate Oscillator is in the 60s, and the Bull Bear Power hovers near zero, signaling indecision in the market. The short-term buy signal is provided by the 20-day SMA, but the bearish indications from the 100-day and 200-day SMAs remain. Support levels for the DXY are at 100.93, 100.67, and 100.61, while resistance is at 101.16, 101.75, and 101.82. In conclusion, the DXY’s outlook is neutral with a slight upward bias.