DXY has essentially followed the expected path. It encountered the orange line once, which is a normal correction. If it reaches the red line, it might go up again and then retest the green line. After that, it will likely continue to rise.
The earlier prediction for the low point in April 26, 2023, was quite accurate (Box230426), achieving the target. If the expected high point is reached around the same time, the target might be around 117 (Box 230426).
Looking at the bigger picture with a monthly chart:
Pay attention to the formation of a double W-bottom, which resembles a cup and handle pattern. If the situation continues to improve, the US dollar might not make things too easy for everyone.
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