DXY Long-Term Bearish Outlook
The price has been moving within a diagonal channel since 2009, completing five waves. We anticipate that the price has been forming a corrective structure following the downward movement in October 2022.
Currently, the price may be forming Wave c of Wave (B), after which we could see a decline toward 97.81 "Wave (C)", potentially testing the lower boundary of the diagonal channel.
Currently, the price may be forming Wave c of Wave (B), after which we could see a decline toward 97.81 "Wave (C)", potentially testing the lower boundary of the diagonal channel.
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