There is much noise about dollar losing its king status in the world. The drop in the yellow wave b within a correction could have spurred that speculation. You can see that it was a natural move to retest broken former barrier. It was successfully rejected as the price bounced up quickly.
The target for the next move could be around $125 where yellow wave c will be equal to yellow wave a.
The next possible target is around $141 where yellow wave c will be equal to 1.618 of yellow wave a.
Where do you think DXY would go next? -$125 -$141 -down