DXY is trading on a Channel Down on the 4H chart (RSI = 48.688, MACD = -0.160, ADX = 36.895) with very consistent trade lines and low pace. The 4H MA50 is acting as the Resistance, having rejected the price on every test in July. If the 95.70 June Support holds and the 4H MA50 breaks, we expect a pattern break-out towards the 97.60 - 97.80 Resistance Zone. If the 95.70 June Support breaks, we expect an aggressive sell-off to the 94.65 March Bottom.
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