DXY has been stuck on this resistance twice before since 2016, and given the current market sentiment I think its highly likely we see it take a downturn.
Option A. - grey bars
In this case we would see DXY pullback along with the rest of the markets, until a turn around occurs in 2023. This would be smaller market dip/recession, and not something like 2008 or 1985.
Option B. - orange bars
In this case we have another 1980s, or 2008 style event with a massive market capitulation. If this occurs we could see DXY fall back below the support it has found since 2016, to rest the bottom of the bearish channel from the falling wedge.
This is not investment advice, or a prediction, just what I see.
Option A. - grey bars
In this case we would see DXY pullback along with the rest of the markets, until a turn around occurs in 2023. This would be smaller market dip/recession, and not something like 2008 or 1985.
Option B. - orange bars
In this case we have another 1980s, or 2008 style event with a massive market capitulation. If this occurs we could see DXY fall back below the support it has found since 2016, to rest the bottom of the bearish channel from the falling wedge.
This is not investment advice, or a prediction, just what I see.