My bias is still higher prices for the DXY. CPI on 12th Oct 2023 further confirmed this bias with large displacement to the upside.
I have 2 areas where I will be anticipating a bullish continuation to the upside for the DXY.
1. A 4-hour iFVG Sibi nested with a Breaker Block and a large Liquidity Void. This is my first choice and is where I believe we will not see a 4-hour candle body close below.
2. A lower 4-hour Bisi nested with a Breaker Block wick and a large Liquidity Void. If price gets here, I expect a sharp rejection at a key time such as 3am-4am or 7am-8am and/or during a high impact news driver.
Price MAY just leave the station from the 1-hour Sibi iFVG before breaking new highs first. I will be monitoring the day of week and time of day on the lower timeframes to come to further conclusions.