On Friday, the US Dollar Index (DXY) – which tracks the performance of the US Dollar (USD) against six major currencies – is trading slightly higher at around 101.00. This rise comes after a week of mixed US economic data and a softer-than-expected University of Michigan Consumer Sentiment survey. The drop in household confidence and surge in inflation expectations have created uncertainty about the future of the US economy. Additionally, the unpredictable tariff plans and vague trade policy of US President Trump continue to weigh on sentiment. Despite these factors, the DXY is still holding onto weekly gains as traders navigate a decline in risk appetite and prepare for potential signals from the Federal Reserve (Fed). The DXY is currently near the top of its intraday range between 100.52 and 101.14, with the Relative Strength Index (RSI) remaining in the 50s – indicating neutral momentum. The Moving Average Convergence Divergence (MACD) shows a mild bullish crossover, while the Average Directional Index (14) in the 30s reflects weak trend strength. The Ultimate Oscillator is in the 60s and the Bull Bear Power is near zero, reinforcing an indecisive tone. The 20-day SMA is giving a short-term buy signal, but the 100-day and 200-day SMAs are still showing a bearish trend. Support levels can be found at 100.93, 100.67, and 100.61, while resistance is at 101.16, 101.75, and 101.82. Overall, the DXY currently presents a neutral outlook with a slight upward bias.