Powell’s surprising dovish presser drove the USD lower across the board, but as yet hasn’t followed through. It’s at minor support at 98.20 right now, and a loss of 97.70 could see the start of a move back to the double bottom at 95.80.
In the last year every FED cut has caused USD to move higher, it’s the same with bond yields.
A reversal above 98.90 would see price take a look at the strong technical and psychological resistance at 100.00.