USD at risk as S&P 500 futures signal bullish breakout above 6,422

S&P 500 futures are trading at 6,425, maintaining a narrow 21-point range between 6,408.5 and 6,429.5, with the 50-week high at 6,468.6 within reach. The TradeCompass technical indicator identifies 6,422 as the critical bullish threshold, which has now been surpassed, signaling positive momentum for risk assets. This bullish equity positioning typically correlates with USD weakness as traders shift toward higher-yielding assets and risk-on currencies. The technical breakout suggests continued upward pressure on stocks, which could weigh on the dollar's safe-haven appeal. Major USD pairs including EUR/USD, GBP/USD, and AUD/USD may benefit from this risk-on sentiment shift. Traders should monitor whether the S&P 500 can sustain levels above 6,422 and potentially challenge the 6,468.6 resistance, as failure to hold could reverse the dollar's bearish outlook and trigger defensive positioning back into the greenback.