Last update 8/27: "Basically DXY has to prove strength by moving above 2HP and YP 95.90-96.48 area and close above that on a weekly basis."
Result: High 96.26 in zone, then another drop - but Friday's move trying again.
Now onto a few charts.
Amazing 3 bar rally, then 6 bars of sideways.
Monthly 20MA currently 96.53. That could still be resistance or turn into support, likely depending on FOMC actions and words this week.
2015 high on 2HR1; 2016 low on YS1, both turns near exact. This will be the third time DXY is rallying above a HP. The YP is still the biggest level in play, but if it can clear that again I think that will be definitive. Or, another dovish FOMC and back down. We'll see.
Q3P has turned into support, and DXY on Friday jumped above SepP and 2HP. Bullish action, and could be long here with partial stop below 2HP and then firm stop below SepP.