USD Index rebound is going to be limited in price and time

We invite you to read Bruno’s B.E.S.T. View November issue (written November 4th).

US$ Index has been rebounding since late September 2025 and is nearing its descending 40-week moving average (100.16). Would a rise above this metric signal a lasting uptrend in the $, as happened in Q4 2024? First, to have a confirmed uptrend, the US$ needs to break above 100.16 and remain above a rising 40-week moving average, which will take some time to be realized. Second, market analysts will focus on three main resistance areas: A) 110.50, which we selected as a pivot in May; B) the 101.64 level, which is 38% Fibonacci retracement of the major preceding decline from 110.18 to 96.38; and C) the descending weekly Cloud between 101..60 and 103.30. As long as the index remains below these resistance areas, there will be a lot of debate about the trend direction[…]