Dollar Index at Critical Juncture After FOMC Decision

Dollar Index at Critical Juncture After FOMC Decision
The US dollar has rallied significantly since the US-Iran conflict escalated, driven by rising oil prices and traditional safe-haven demand. As the world's reserve currency and denominator for global commodity trade, the dollar strengthens when geopolitical tensions spike. However, technical analysis suggests the dollar index is now reaching the top of its long-term trading range, signaling a potential major reversal could be imminent. Post-FOMC monetary policy decisions will be crucial in determining whether this rally sustains or reverses. Traders are closely monitoring support and resistance levels as the currency market reassesses interest rate expectations and economic growth prospects. The coming weeks will be pivotal for dollar direction.