DXY Bearish ABC Still Favors Lower

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DXY Bearish ABC Still Favors LowerUS Dollar IndexCAPITALCOM:DXYSmellyTazDXY looks like it’s printing a textbook bearish ABC correction. Price rolled over from the upper objective region, sold off into A, then bounced into B with weak, corrective behavior. No real impulsive reclaim. No convincing bullish continuation. Just a fragile rebound. That keeps C active to the downside. The key here is not some exact price level like the market owes us precision from the heavens. The target is an area. And right now, that lower target area remains the cleanest magnet while B stays intact. There’s also a broader WCL zone lower on the chart, which adds weight to the idea that price may still want deeper rebalancing before any meaningful bullish continuation can be discussed. So the current read is simple: Protected B = bearish continuation remains valid. Loss of B = reassessment. Until bulls prove otherwise, the cleaner move still looks lower. Not financial advice.