US dollar pulls back as resistance at 99.00 holds firm

David Morrison

SENIOR MARKET ANALYST

15 Oct 2025

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The US dollar was weaker across the board this morning as traders continued to unwind some of their long positions following the dollar’s recovery since last month’s lows. The Dollar Index once again eased back from 99.00. It poked its nose above here just under a week ago. But so far, this level has held as resistance, with the Index unable to hold above here for any length of time.

The daily MACD is still above the neutral level (although pointing down on the 4-hour chart above), having spent most of the year so far in negative territory. The question now is whether the US dollar is simply consolidating before taking another leg higher, or if selling pressure is about to build once again. Sentiment has taken a bit of a knock due to the fresh escalation in the US-China trade dispute. So, much may depend on how things shape up before the 1st November deadline.

Source: TN Trader


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