DXY — Daily Structure at a Decision Point

The dollar has completed a prior volume imbalance fill at 97.853 and is now trading against the lower boundary of the daily range.

Participation is low, consistent with late-December conditions. In this environment, daily closes matter more than intraday movement.

Key level: 98.030
This is the prior daily range low.

A daily close below 98.030 shifts the daily bias bearish

Without that close, downside pressure remains internal to the range

The move into imbalance without expansion suggests position resolution, not trend initiation. This is typical of year-end exposure reduction, rather than new macro positioning.

Cross-market context:
Gold is pressing into a double-high area without expansion.
Bonds are showing loss of momentum at the front end.
Risk assets remain supported but lack acceleration.

If structure breaks, the next natural downside references sit at 97.469 and 97.179.

Until a close confirms, this remains a confirmation environment, not a forecasting one.