DXY | Testing Major Resistance — Break or Rejection?

The dollar is pressing into a key resistance zone just as real yields continue to firm and the Fed quietly steps back from the “early-cuts” narrative. Inflation is still running above the comfort band, and the market is repricing the path of rates upward.

That combination keeps USD carry attractive and supports a potential breakout through this level.

The only thing that turns this into a rejection area is a sharp shift lower in inflation or a clear softening in growth data. Until then, the bias stays with a topside extension rather than a reversal.