DXY is rolling downward for the last couple of months.

The technical analysis hints for more weakness and bearish target 94.65

1. The price is moving in a descending channel
2. Currently, it's trading below the key resistance of 97.20
3. It may bounce upward for a short term from the Fibo Extn.100% at 95.80 due to oversold condition + bullish divergence coming in play on MACD
4. 94.70 is the target insight with the higher TF's still remaining bearish along with the confluence of horizontal support/swing low/channel bottom and Fibo Extn.

Therefore, I suggest selling it on a rise for the given target.

GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
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