DXY technical analysis: DXY demonstrates bullish tendencies despite short-term constraints
On the daily chart, the static position of the Relative Strength Index (RSI) indicates neutral momentum, while the appearance of a fresh red bar in the Moving Average Convergence Divergence (MACD) histogram signals a potential shift toward bearish momentum in the short term.
On the other hand, the DXY is experiencing some bullish resilience, as evidenced by its stance above the 20, 100, and 200-day Simple Moving Averages (SMAs). The current positioning of DXY suggests that the buying force is still dominating with a defensive line held by the bulls, keeping the DXY above these significant SMAs
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