DXY Bullish Breakout Within Ascending Channel

This 4-hour chart of the US Dollar Index (DXY) shows price trading within an ascending channel, currently testing a resistance zone around 100.50–100.80. If the resistance holds, a pullback to the lower boundary of the channel or the highlighted retest zone near 99.50 is possible. However, a breakout above resistance may lead to further bullish continuation toward the marked 1st and 2nd target zones above 101. The chart also highlights recent change-of-character (ChoCH) signals, suggesting a shift toward bullish momentum.

TP1 (1st Target): Around 100.85 – 101.00 — just above the current resistance zone.

TP2 (2nd Target): Around 101.40 – 101.50 — the upper boundary of the ascending channel.

Note: If the market does not retest and breaks directly above the resistance zone, we will enter a buy position on the breakout and aim for targets at 100.85 (TP1) and 101.50 (TP2).