As you can see in the chart, the channel formed in the 6-month time frame can bring the index above 110 and strengthen the dollar against other currencies for a long time. The European energy crisis and the war in Ukraine can further strengthen the fall of the euro and other key currencies against the US dollar, and the breaking of this ascending channel for the dollar does not seem probable at least in the short term.
However, considering that we have recently hit the ceiling of the ascending channel, we are probably facing a correction. In the worst case, this correction can be up to 95, but in my opinion, it will stop around 100 at the bottom of the ascending channel.
Check out this chart; With the end of the correction process, buying dollars against other currencies can be very profitable.