Analysis of the DXY Index and expected rebound areas

Expected scenarios for the DXY index.

 

The DXY index is currently moving in a downtrend.

It is moving within a descending price channel, as shown on the chart.

We are expected to see a decline in the specified demand areas

at 98.53 and a rise from there to the upper limit

of the descending price channel. However, in the event of a break and close below

the first demand areas, we are expected to see a decline to the next areas

at 97.99, from which it is expected to rise. These are considered the best rebound areas currently.