DXY Upside Breakout

As you see in the chart, DXY was bouncing in a descending parallel channel and after breaking it to the upside, started a new uptrend.

Moreover, a double top pattern has been created and the neckline is broken out to the upside and the last 1H candle has been closed above this level.

Currently, price has approached to the resistance zone between 94.280 - 94.310 which has been tested twice by the price before.

If price can break 94.300 and closes a bullish confirmation candle above this level, we can expect more rise for DXY and the next target would be around 94.500