DXY continued higher today after showing a breakout above a down TL last week. The post noted the first level of resistance as the most conservative target: "The first (most conservative) target is a backtest of the yellow uptrend line from May 2021. That lies around $103.60 to $104.50 in the next few days."
The edge of this zone was tagged today with a high of $103.76 intraday and a close of 103.62. The post didn't anticipate this level being reached in a single day, and because the line slopes upward over time, the zone was given to indicate a range depending on the day this uptrend line was reached (later in time equals higher b/c the line slopes upward).
Next we need to see what happens at this level. Will price fall a bit and consolidate or will it push straight through the line after Powell's speech? Sometimes, it would be nice if the Fed officials would just stop talking. Just release a statement instead of whipsawing the market around with ambiguous statements, corrections, subsequent statements, subsequent corrections / amplifications, etc.