DXY H4 - 07.01.24

The dollar index, after breaking the downtrend channel, appears to have encountered resistance around the Fibonacci retracement level of 38.2% before continuing its upward movement. Although the primary direction for the dollar seems upward, prior to this upward movement, there might be a retracement of the upward movement that started from the bottom to either the 61.8% or 76.4% levels.