The DXY is currently trading at around 96.62 just after breaking the bearish flag which it was in for almost a month after the drop from it's high of about a 100. With a break out of the bearish flag i expect to see the Dollar drop to around 93 which is equivalent to a -61.8 Fibonacci extension off the retracement Fib level starting from the high of the previous drop to the first base and start of the bearish flag. Going down to our indicator under, we have a bearish divergence on the MACD which clearly indicate an incoming wave of sells. Price going back into the flag and breaking lower high structure will invalidate this analysis. Trade safely