Following the PCE data, the Dollar Index can see some retracement now as markets price in higher odds of a hold in October compared with a week ago, alongside end-of-month and Q3 flows.

On the chart, price is coming out of the upward channel after an extended five-wave rally. We wait for a three-leg corrective pullback, then look for more gains in the broader bullish dollar trend, with support around 100.60–99.90 still in focus.

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