$DXY | Range Deviation & Bearish Retest

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$DXY | Range Deviation & Bearish RetestU.S. Dollar Currency IndexTVC:DXYTradeTrioMarket Structure & Context for DXY 1. Failed Breakout / Deviation: The expansion above the 100.494 weekly resistance level failed to build acceptance, marking a classic liquidity sweep/fakeout above range highs before aggressively rejecting back inside the primary consolidation zone. 2. Trendline Breakdown: The ascending trendline support established off the February low (~95.80) has been decisively broken, shifting market structure from bullish expansion back to bearish distribution. Key Levels & Execution Strategy Resistance / Supply Zone: 99.800 – 100.200 (Grey shaded block). Watching for a relief rally into this supply zone, which aligns with the psychological 100.00 handle and the underside of the broken ascending trendline. Primary Target: 97.37 (Key swing low / internal liquidity pool from late Q1). Outlook Looking for price to pull back into the 99.800 – 100.200 supply area for a lower-high setup. A clean rejection from this zone validates the bearish retest and opens up a drive down toward 97.371. The bearish thesis remains intact as long as price stays capped below 100.500.