Dollar index depreciation continues in 2021

So, the famous topic of 2021, whether the DXY to depreciate or not. It is known that the short positions are heavy and that can be a sign of squeeze but the trend is not promising for the mid run and it looks like a distribution.

I expect to see below 80 in the next term maybe a target of 78 in 2021 and beyond. Further depreciation at around 70 is also possible but that would be an early call for now.