The DXY $ is facing a lot of pressure off LONG TERM resistance. U.S. Dollar Currency IndexTVC:DXYOrriginal This is a weekly DXY chart since March 2020 and it is easy to see how the DXY is struggling to break out of the Squeeze it is starting to find itself in. The Apex's of these Squeezes are the Circles. PA tends to react BEFORE the Apex. The rising trendline the circles are on is the lower line of the rising channel the DXY has been in since the crash in 2008. You can also see the wick out of this channel recently. That was thre FIRST time that had ever happened. Recovery back into channel was quick but that recovery has lacked continuation. And we see PA under pressure from overhead trendline that was once strong support and is now tough reesistance. We also see that Dashed Blue line acting as support / Resistance. That line is the 0.25 line of the Red channe; But just what is that Channel ? Lets Look That channel begain in 1985 and the upper line was Strong Resistance The Channel then rejected PA once again in 2001 We then see rejection off the upper line in 2021 and 2025 And while DXY remains in this Red channel, it is facing a Lot of pressure. We can see that the Channel has reached the area of the rising Trendline from 2008. This could provide support. But we have Lots of pockets of resistance over head. The future for the DXY is a Volatile battle. What is Vital here is that the DXY does NOT fall trough that Rising trend line.... What you may also want to take note of, is how that 2nd Circle is in May 2028 There are the USA Presidential Elections in November that same year and the strength of the $ will certainly be a talking point at this time. Interesting days ahead to say the least