Monthly chart for DXY hints a possible distribution zone formation.
As there is a bullish candlestick pattern formed at last month, bullish bias seems to be the higher possible trend for now.
Weekly Bullish trend channel formation suggest higher upside is likely, however, last bar doji candlestick pattern suggest indecision.
Near-term support and resistance at 100.25 and 106.50.
Last Friday bullish bar closes back near Monday's opening reinforced near term bullish bias.
Looking forward, next week 5 Nov being US presidential elections day will add volatility to the market.
So, price may likely to go the next higher order block area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.