We saw a classic reversal pattern at 96, which coincided with the 50% retracement of the last major swing. That made a higher high, which gives me some pause, but a retracement seems likely.
DXY is setting up very nicely for a buy. 96 is a strong support, but we may see it touch 95.5 – 95.8. I’ll be watching for UJ to enter a clearer setup as this happens.
DXY is now in a clear uptrend after breaking the ascending triangle. The most likely retracement level is 96.