DXY - Will the dollar continue to fall?U.S. Dollar Currency IndexTVC:DXYAli_PSNDThe dollar index (DXY) is below the EMA200 and EMA50 on the 4-hour timeframe and is moving within its daily ascending channel (it has reached the bottom of the daily channel). The range of 98.36 to 98.56 could be a low-risk area for buying the dollar index. In the two supply areas above the current price, we will look for a resale of the dollar with a risk-adjusted reward in dollar currency pairs or for upward fluctuations in global gold ounces. The Fed is now extremely polarized. At the July meeting, three members—Beth Hammock, Neil Kashkari, and Lori Logan—wanted to raise rates by 25 basis points; the majority, however, held rates steady. On the other hand, the very weak July jobs report and the heavy corrections two months ago have made the market take the possibility of a rate cut or at least no rate hike in September more seriously again. So the main question for the market is no longer just “Is the Fed hawkish or dovish?” but rather which will have the upper hand in the next decision, inflation or the labor market. This story has directly affected the DXY. After the weak jobs report, the dollar came under pressure, with the DXY hovering around 99.70. The DXY’s short-term structure is currently more bearish, unless inflation data turns the market back toward rate hikes.