DXY - Still In A Healthy Short-Term Downtrend?

Hi Traders, DXY has been in such a strong rally since June 2021, which faced an extreme optimism until now.

Mid of July was when the DXY started showing some weaknesses, then now its basically in a short-term downtrend.

As long as 106.80 - 107.30 still remain intact as a short-term resistance structure, I will expect further downside on the DXY.

However, if price at any point finds strength breaking above these two levels then it will invalidate this thesis.


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