On the H4 timeframe, if DXY sustains above the 103.50 support zone, which coincides with the 38.2% Fibonacci retracement, a further rally towards the 104.20 might occur. A breach above the 104.20 resistance could prompt a further rise towards the 105.00 resistance.
Conversely, a break below 103.50 could see a further price retracement towards 103.00 as the next potential support.
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