📊 U.S. Dollar Index (DXY) – Monthly Chart

🔹 Wave Structure: A powerful Wave 3 rally peaked in 2022, followed by a contracting corrective Wave 4 inside a descending channel.
🔹 Current Setup: Price is testing key Fib support zones (38–50%), perfectly aligned with channel support.
🔹 Outlook: Once confirmed, a breakout above the channel suggests the beginning of Wave 5, targeting new highs.
🎯 Long-Term Target: 125+ (161.8% Fib extension).
⚠️ Invalidation: A close below 92 would invalidate the bullish Wave 5 continuation.