While Thursday morning, the FOMC is releasing out the Target interest rate. The market is price in 50/50 of the possibility of rising interest rate. Based on the weekly chart and this dayily chart, the DXY
is showing relative over sold and divergence with the price. So two indicator give you the exact same signal for divergence. and the fundamentally supporting the DXY
Basically the market is price in the "no interest rate increase on March", while the fact come out the market, the market will price in the JUNE fact which they are most likely to increase interest rate to catch up the pace of the inflation
Watch out for the rally. It will be strong.