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fxJul 2, 2026, 9:31 AM

UOB Sees Building Upside Potential for US Dollar Index

UOB strategist Quek Ser Leang notes a constructive technical backdrop for the US Dollar Index, drawing parallels with basing patterns observed in 2021 and 2025.

DXY

The US Dollar Index (DXY) is showing signs of increasing upside potential, according to UOB strategist Quek Ser Leang. He points to a constructive technical setup that echoes similar basing formations seen in 2021 and 2025.

These historical patterns suggest the index may be building a foundation for further gains, though the strategist does not specify a target or timeline. The analysis is purely technical in nature, focusing on price action and chart structure.

Source: FXStreet Forex News