DXY - Watch Daily CloseU.S. Dollar Currency IndexTVC:DXYVIAQUANTBefore diving into this post I highly recommend reviewing my previous idea. It lays out a lot of the market structure I have been tracking for the DXY within this range, and so far it has been a very reliable indicator of how the dollar has reacted around these levels: From July 2nd to July 13th, the DXY was able to maintain the retest and hold above the top of the channel, preparing for a larger move to the upside. However, yesterday the DXY broke back into the channel and closed the first daily candle back inside it since the original breakout on June 22, 2026. This is a very significant development as it could support some of the ideas I have been outlining for crypto and commodities to see additional upside. A weaker dollar could provide the necessary fuel to lift those risk-on assets. That is exactly why today's and tomorrow's close are so important. If the DXY closes back at the top of the channel and algorithms begin triggering sell orders on Friday from that level, that would confirm a reclaim of the parallel channel. If that occurs, two scenarios become likely for the dollar from that weaker standpoint. Either the DXY sees a small selloff toward the 50 MA and uses that as an accumulation level before re-breaking above the parallel channel, ultimately leading to the larger move I have been expecting for the DXY toward the end of the year. The alternative scenario is that sellers take back control more decisively in the short term and the dollar experiences deeper weakness, leading back toward the heartline of the parallel channel. Either way, it all comes down to how today's and tomorrow's candles close in relation to the market structure I have been outlining for the past few months. It would make a lot of sense to see some dollar weakness here, especially given what I have been predicting for other risk-on assets and their current market structure. That said, the higher timeframe view for the DXY remains a much larger move to the upside, though that move is more likely to occur closer to Q4.