DXY Sitting on Key Support Shelf

I talked about this in The Trading Battle a few days ago. The DXY high occurred right at the channel extension of the channel from the May 2021 low. The upper parallel of that channel, formerly resistance, has provided support this week. Former resistance providing support...it happens with channels/trendlines/etc. as well as horizontal levels. Anyway, this is a big level. DXY isn't outright bearish until this level breaks.

-Jamie Saettele