DXY 15M – Rejection at Supply, Rotation Toward Demand?

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DXY 15M – Rejection at Supply, Rotation Toward Demand? U.S. Dollar Currency IndexTVC:DXYFrankAgboDXY rallied strongly from the 97.35–97.45 demand zone, then tapped into a well-defined 97.85–97.95 supply area. Price is now: Rejecting from supply Printing lower highs Struggling to reclaim 97.85 This suggests short-term distribution inside resistance. 🧠 What I’m Watching If supply continues to hold, we could see a controlled rotation back into lower demand. Projected path: → Failure to break above 97.90 → Break below 97.70 intraday support → Expansion toward 97.50 → Main target 97.35–97.45 demand 📊 Bearish Scenario (Primary Bias) ✅ Rejection from 97.85–97.95 ✅ 15M close below 97.70 🎯 Target 97.55 🎯 Target 97.35 – 97.45 ⚠️ Bullish Invalidation ❌ Clean break and hold above 97.95 → Opens path toward 98.10 → Supply flip into support 🏗 Market Logic Clear reaction from supply zone. Intraday structure shifting bearish. Liquidity resting below recent lows. Lower timeframe exhaustion at highs. Best RR comes near supply rejection — not mid-range entries. 📌 Key Levels Supply: 97.85 – 97.95 Intraday Support: 97.70 Demand: 97.35 – 97.45 Current Price: ~97.79 If supply holds, a retracement toward demand is likely. If broken, upside continuation resumes. What’s your view on DXY here? 👇 #DXY #USDX #Forex #PriceAction #Liquidity #TradingView