If you look at this , you can see that the dollar did hit an area of previous support, it was actually an order block (a down candle that caused displacement afterward) that was in the middle of the skyrocketing price. It was in June when the price decided it wanted to slide down and down and down and then it finally hit a floor in August it went sideways for the last few months. I thought it would eventually pick back up given certain consequences. Those consequences are now showing and I believe our fiat dollar will no longer be the worlds currency. It has been lower that what it is now, yes I know that. But that doesn't mean it's a good thing. Think about your monitary positioning now, what you will do with the money you have, how will you keep it strong. Ipersonally believe this is the beginning of the end of the USD. So position yourselves to earn from the fall, it can be done if you are wise. I'm not saying I'm the best and know everything. I'm just simply stating my opinion.
In technicals of the DXY , just watch the key levels and see how price actions works at those key levels. Does it continue slipping? or does it consolidate for another few months and the revive?
I'm going to guess that it's going to continue to slide. But what do I know? I'm just some rando guy that likes to post his ideas on tradingview and go on rants about what I believe so I could be absolutely WRONG. Oh btw, you're welcome to vent about anything in my comments section, some people just neeed that.
But good luck and good trading :) TVC:DXY
That Auzzie bloke from down under. Good night and good luck.