DXY Update 11 December 2025

Lower but no follow through yet

Powell’s surprising dovish presser drove the USD lower across the board, but as yet hasn’t followed through. It’s at minor support at 98.20 right now, and a loss of 97.70 could see the start of a move back to the double bottom at 95.80.

In the last year every FED cut has caused USD to move higher, it’s the same with bond yields.

A reversal above 98.90 would see price take a look at the strong technical and psychological resistance at 100.00.