DXY - Retrace to 2020 Highs?

We see DXy finally lead with a strong rejection. That doesn't mean its done climbing, there is still much uncertainty in terms of macro economic climate and this can have a profound effect on the US dollar. I'm watching the 2020 high (around 103) for the next retest; closing under that might suggest a larger drop, but respecting that support could indicate a brief retracement on the way to 105 and beyond.

In the meantime this retracement should provide some relief to crypto markets, and especially Bitcoin and Ethereum.