The DXY is trading inside a Channel Down with the 4H technicals naturally bearish (RSI = 33.732, MACD = -0.220, ADX = 19.580) and the RSI on LH. This could be similar to the November/ January Channel Down, only smaller as the RSI shows a similar pattern. Since the price has already reached the 2.618 Fibonacci extension, we will start buying USD aiming at Fib 1.0 (TP = 104.250) and then short again as that will bring us near the LH which is the long term Resistance.
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I think rather not. The bold red and the dotted red lines are long term trend lines, they act like a magnet; the price oscillates around them. This means that DXY will most likely cross this dotted red line sooner or later. Buying DXY now would therefore be too early in my view (just as it was obviously too early to go short on Gold)