DXY - Longterm Trend

The expectation of one rate cut in 2024 was realized after the FED skipped a rate cut in June. With the realization of this expectation, we may see downward profit-taking in the DXY. In the future, this easing could cause a period of sideways movement between the 104-106 range, depending on inflation and unemployment data. Based on the data flow and the break of the previous low of 104, we can expect a pullback to the first target level of 102.90.