DXY Chart Technical Outlook we have broken out of an ending wedge formation to the downside. This pattern has a measured move target of 102.79. We have a 161.8% extension level located at 102.85. That would suggest the current move higher is the corrective second wave of a bearish Elliott Wave count (5 waves). Prime resistance is located at 104.31. I would expect mixed and volatile trading up to this resistance level.