Dollar Index Chart Tests Resistance After Fed's 25bps Hike

The dollar index is pressing against a well-defined resistance shelf following the Fed's unanimous quarter-point hike, even as forward guidance among committee members remained divided. Price structure shows a steady uptrend channel, but momentum indicators are flashing early caution.

RSI has drifted into overbought territory, hinting at a potential pullback toward the rising trendline that has supported price since the tightening cycle began. MACD is showing a narrowing histogram, often a precursor to a bearish crossover if equity volatility persists.

With the Dow shedding 600 points post-decision, risk-off flows could either reinforce dollar strength through haven demand or trigger profit-taking off stretched technical levels, making the current resistance zone the key battleground for the next directional move.