DXY – Post-Fed Cut: What’s Next for the Dollar?

The Fed has cut rates — but the dollar didn’t flinch. No major reaction, which suggests the move was priced in.

I currently see two possible scenarios unfolding on DXY:

Scenario 1: Triangle Completed – More Downside Ahead
If we’ve finished a triangle correction, a break below 96.20 could confirm the move and open up downside toward $95–$92.
Chart:



Scenario 2: Ending Diagonal in Wave 5
Alternatively, the recent low may mark the end of a 5th wave diagonal, completing Wave 3 of the broader decline. If so, we could see choppy corrective action before any larger moves.
Chart:



Key level to watch: Break below $96.20

If price closes above $100.25 I will review the analysis as this may indicate the downward trend is complete.