We are in second wave of deeper correction in 1W chart, since 80s. we may see huge weakness and falling dollar in F16-F17. here 92.5 and 88 is crucial barrier for medium term range.
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DXY trading at very crucial levels 94-95 after 2 weeks of recovery from 92 levels.
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engulfing 96 would be breakout from weekly bearish channel and enter new bull zone.
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96 remains illusive for DXY
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Looking very bullish at 97. possible 100 insight.
We may see dxy ranged between 94 to 94.5 in this week.