The dollar maintains a firm tone ahead of the Federal Reserve’s policy decision

The dollar index remained steady, trading in a narrow range after three consecutive days of gains, as investors awaited the Federal Reserve’s policy announcement.

Safe-haven flows supported the greenback amid renewed tensions in the Middle East, while markets looked for clearer guidance on the Fed’s next steps. The central bank is widely expected to keep interest rates unchanged at the conclusion of today’s meeting.

Tuesday’s close above key resistance at 98.21 (marked by the daily Tenkan-sen and the 23.6% Fibonacci retracement of the 101.80–97.10 decline) was an early bullish signal. A sustained move above this level is needed to confirm the breakout and reinforce the outlook for further gains.

Such confirmation would open the way toward 98.90 (38.2% Fibo) and 99.10 (daily Kijun-sen), especially if the Fed’s guidance sparks additional dollar strength.

However, failure to hold above 98.21 would signal waning bullish momentum and suggest that the recent recovery may be losing traction.

Res: 98.50; 98.90; 99.10; 99.45
Sup: 98.06; 97.65; 97.53; 97.10