The US Dollar Index is argually on one of the strongest falls in history and this long term chart does its justice. The emphatic rejection in September was outside of the long term Channel Down but on the 1.118 Fibonacci nonetheless.
The technical target is the 1M MA50 (blue) line where a multi week break below could repeat the 2002 - 2008 mega correction. Technically the next target should be the 1M MA200 (orange) line but we expect DXY to hit at least the 0.5 Fib (middle of the Channel) where it can make contact with a Higher Lows trend-line similar to the 90s and early 00s. Our long term target is 84.000 at least, while a case can be made also about 74.500 - 70.500 but we can discuss about that in 2-3 years.
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DXY Local Lows this coming summer, back towards highs till the following summer when the next BTC bottom can begin.
i.imgur.com/WMC5s6W.png