DXY is currently in a 4-hour uptrend. Since there is a four-hour demand zone at the nearest bottom, it is easy to rebound even if it declines. If the ascent stops and breaks the 4 hour correction trend line, a daily correction will be issued.
After that, a daily uptrend is expected to follow. This could lead to a rise or renewal near a high.
There will be a retracement, and if the daily uptrend fails to continue, it could move back towards the bottom near the monthly demand zone, which could result in an expanded flat or reguarl flat pattern with a very large W-X-Y structure.
However, the most likely scenario for now is the continuation of the daily uptrend unless there are large fluctuations.
After that, a daily uptrend is expected to follow. This could lead to a rise or renewal near a high.
There will be a retracement, and if the daily uptrend fails to continue, it could move back towards the bottom near the monthly demand zone, which could result in an expanded flat or reguarl flat pattern with a very large W-X-Y structure.
However, the most likely scenario for now is the continuation of the daily uptrend unless there are large fluctuations.