DXY technical analysis: DXY bulls step in and recover ground
The technical indicators on the daily chart reflect that the buyers are gaining momentum. The Relative Strength Index (RSI) is on a positive slope, well within positive territory, which hints at underlying bullish strength. The Moving Average Convergence Divergence (MACD) follows suit with rising green bars, further validating the positive sentiment hovering over DXY.
Focusing on the Simple Moving Averages (SMAs), the DXY continues to be stationed above its 20, 100 and 200-day SMAs. This essentially suggests a higher ground captured by the bulls against the bears and adds weight to an overall positive prospect
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