DXY Tests Support at 98.50–99.00: June Close Signals Major Dollar Trend Shift

The US dollar index (DXY) is facing a pivotal moment as it tests the lower boundary of its long-term ascending channel, which emerged in 2008 after the financial crisis. This has led to market analysts closely watching if the DXY will break below the 98.50–99.00 level in June. A monthly close below this level could signal a deeper retracement towards the 92.00–94.00 support range, potentially impacting global markets.