[MARKET UPDATE] DXY continues grinding higher after topping resistance around the 97.70-97.75 area, with current session high at 97.89; clean air seen until the next resistance at 98.48 (23rd Jan high)

DXY continues grinding higher after topping resistance around the 97.70-97.75 area, with current session high at 97.89; clean air seen until the next resistance at 98.48 (23rd Jan high)

The DXY's rise past the 97.70-97.75 resistance suggests bullish momentum, with additional room to run until hitting the next significant resistance at 98.48. As long as the dollar strengthens, it may lead to pressure on other currencies and commodities, particularly gold, reinforcing the current trend in the FX market.